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of <h1>India-Ethiopia Agreement Prevents Double Taxation, Promotes Economic Cooperation on Income Taxes Since 2013.</h1> The agreement between the governments of India and Ethiopia aims to prevent double taxation and fiscal evasion concerning income taxes. Signed on May 25, 2011, and effective from October 15, 2012, this agreement outlines the taxation rights of each country over various income types, including business profits, dividends, interest, royalties, and capital gains. It ensures that residents of either country are not taxed twice on the same income and promotes economic cooperation. The agreement also includes provisions for exchange of information, mutual assistance in tax collection, and non-discrimination in tax matters. The agreement is effective in India from April 1, 2013, and in Ethiopia from July 8, 2013.
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