The Government of Rwanda and the following entities are exempted from corporate income tax:

• 1° the City of Kigali, Districts, Towns and Municipalities;
• 2° the National Bank of Rwanda;
• 3° entities that carry on only activities of a religious, humanitarian, charitable, scientific or educational character, unless the revenue received during a tax period exceeds the corresponding expenses on to the extent that those entities conduct a business;
• 4° international organizations, agencies of technical cooperation and their representatives, if such exemption is provided for by international agreements;
• 5° qualified pension funds;
• 6° the Rwanda Social Security Fund;
• 7° the Rwanda Development Bank.