Hungary has authorised the signing of the agreement with Ethiopia, aimed at eliminating double taxation and boosting bilateral business ties following two rounds of negotiations between the countries. 

Hungary has gazetted Government Resolution 1101/2026 (III. 19.) on 19 March 2026, authorising the signing of an income and capital tax treaty with Ethiopia.

This development follows after Ethiopia and Hungary concluded a second round of negotiations in Addis Ababa, following discussions in the first round held in Budapest.

The agreement is focused on the avoidance of double taxation and the prevention of tax evasion in the areas of income and capital (wealth) taxes between Hungary and Ethiopia.

The agreement can enter into force only after it has been signed and ratified.