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ESTABLISHING TAXES ON INCOME TABLE OF CONTENTS CHAPTER ONE: GENERAL PROVISIONS Article One: Purpose of this Law Article 2: Scope of this Law Article 3: Definitions Article 4: Residence Article 5: Permanent establishment Article 6: Source of taxable income Article 7: Foreign tax credit refund Article 8: Tax period
Law n° 020/2023 of 31/03/2023 on tax procedures. Law n° 021/2023 of 31/03/2023 governing the automatic exchange of information for tax purposes; Law No. 027/2022 of 20/10/2022 establishing taxes on Income; Compilation of Fiscal Laws and Regulations in use in Rwanda Version 2017
The Government of Rwanda gazetted Income Tax Law No 027/2022 (ITL 2022) on 28 October 2022. The ITL 2022 repealed Law No 016/2018 of 13/04/2018 establishing taxes on income (repealed tax law), Law Nº 29/2012 of 27/07/2012 establishing tax on gaming activities (repealed gaming law), and all prior legal provisions contrary to the new ITL 2022.
If during a tax period, a resident in Rwanda generates income derived from taxable activities performed abroad, in accordance with Articles 4 and 5 of this Law, the income tax payable by that resident in respect of that income is reduced by the amount of foreign tax payable on such income.
On a monthly basis, income (in Frw) ranging between 0 and 30,000 was taxed at 0%, income between 30,001 and 100,000 was taxed at 20%, and income above 100,000 was taxed at 30%. With the new income tax law, the situation will be improved by two factors.
Personal Income Tax: Individuals are taxed on their employment income, business income, and other sources of income. The tax rates are progressive, ranging from 0% to 30%. Corporate Income Tax: Companies are subject to a flat tax rate of 30% on their taxable income. Special tax incentives may apply to certain sectors or investments.
1 sty 2015 · Income tax is levied in each tax period on the total income of both resident and non-resident persons earning an income in Rwanda. A resident person must pay income tax on all income earned, from domestic and foreign sources. A non-resident person must pay income tax only on income which has a source in Rwanda.
