Explanatory note

The Schedule to this Order sets out the arrangements made with Ethiopia, in Notes exchanged between the Contracting Governments on 1 February 1977, under which the profits, income and capital gains derived from all air transport operations, by an undertaking of one of the countries operating authorised scheduled air services between that and the other country are to be exempt from tax in that other country.

The arrangements apply to profits, income or capital gains arising on or after 1 April 1973.