Businesses must adhere to strict filing requirements to avoid penalties:
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Payments made to non-residents are also subject to withholding tax at rates specified in the Proclamation. However, Ethiopia has signed Double Taxation Treaties (DTTs) with several countries, which may lower the maximum WHT rates that can be applied to dividends, interest, and royalties for residents of those treaty partner countries. For instance, the treaty with the Netherlands caps the WHT on dividends at 5/10/15%, interest at 5%, and royalties at 5%. Other treaty partners include China, Cyprus, India, Israel, South Africa, the United Kingdom, and others. Businesses must adhere to strict filing requirements to