In order to conclude an agreement to avoid double taxation of the income of companies operating taxable aircraft in these countries, in accordance with their respective laws. 1. Ethiopia Airlines is an Ethiopian company, all taxes it pays or the taxes it pays on its taxes in India on its income for which it is exempt under the above agreement, are returned to Ethiopian Airlines by the Indian government on that behalf within six months of the effective date of the agreement. , and all proceedings already initiated for the taxation of these incomes are closed. 3. For the purposes of paragraph 1, the interests of funds directly related to the operation of aircraft are considered revenues from the operation of that aircraft. The tax is paid either in the country of residence and tax-exempt in the country where the profits are made, or the country where the profits are made deducted tax at source in the form of a withholding tax, and the taxpayer benefits in the country of residence from a foreign tax credit indicating that the tax has already been paid. I am grateful that Your Excellency confirms your agreement on the above position and that, in this case, this note and the response of your excellence are considered part of the previous agreement. The Ethiopian House of Representatives of The Peoples has ratified an agreement to avoid double taxation with China, Egypt, India and Sudan.

Agreements to avoid double taxation of aircraft companies between the Government of the Republic of India and the Ethiopian Government The signing of this agreement also confirms the Cypriot government`s efforts to strengthen trade and financial relations with the African continent, as four other DTTs are in force with African countries South Africa, Mauritius, Seychelles and Egypt. The treaty is based on the OECD convention model to avoid double taxation of income and capital and was published in the official Cypriot government newspaper on 18 January 2016.