Proclamation No. 92/1997

Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect Taxes on Income and Capital between the Federal Democratic Republic of Ethiopia and the state of Kuwait Ratification Proclamation

WHEREAS, an Agreement for the Avoidance of Double Taxation and the Prevention of fiscal Evasion with Respect to Taxes on Income and Capital was signed between the Federal Democratic Republic of Ethiopia and the State of Kuwait, in Kuwait, on the 14th day of September 1996;

WHEREAS, the House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia has ratified said agreement at its session held on the 23rd day of october, 1997;

NOW, THEREFORE, in accordance with Article 55 sub-Articles (1) and (12) of the Constitution, it is hereby proclaimed as follows:

1. Short Title

This Proclamation may be cited as the “Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital between the Federal Democratic Republic of Ethiopia and the State of Kuwait Ratification Proclamation No. 92/ 1997.”

2. Ratification of the Agreement

The Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital between the Federal Democratic Republic of Ethiopia and the State of Kuwait signed on the 14th day of September 1996, is ratified.

3. Power of the Minister of Finance

The Minister of Finance is hereby empowered to implement the Agreement in cooperation with the concerned governmental organs.

4. Effective Date

This Proclamation shall enter into force as of the 23rd day of October, 1997.

Done at Addis Ababa, this 23rd day of October, 1997

NEGASO GIDADA (DR.)

PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA