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Saudi Arabia, Ethiopia Sign Agreement on Preventing Double Taxation and Tax Evasion
Saudi Press Agency Published in Saudi Press Agency on 01 - 03 - 2013

The Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia signed here yesterday an agreement on preventing double taxation and tax evasion.
The agreement was co-signed by Finance Minister Dr. Ibrahim bin Abdulaziz Al-Assaf of Saudi Arabia and Finance and Economic Development Minister Sufian Ahmed of Ethiopia.
In a statement following the signing ceremony, Dr. Al-Assaf said that the volume of trade exchange between the two countries increased from SR206 million in 2000 to SR849 million in 2011, adding that this is the 31st agreement signed by the Kingdom of Saudi Arabia with other countries on preventing double taxation.
Meanwhile, Dr. Al-Assaf and Ahmed signed an agreement under which the Saudi Fund for Development (SFD) shall provide Ethiopia with a loan worth of SR56.25 million to support the Ethiopian government plans in enhancing economic and social development and reducing poverty in rural areas.

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