Search
Tax on sale of immovable property
There is established a tax on sale of immovable property levied in accordance with the following rates and modalities:
- A rate of 2% is levied on the sale value of an immovable property for commercial use if the seller is a taxpayer registered for income tax.
- A rate of 2.5% is levied on the sale value of an immovable property sold by a person not registered for income tax.
This tax is levied on the balance of the sale value of the property after deduction of FRW 5,000,000 which is not subject to tax.
The declaration of tax on sale of immovable property is done through the Rwanda Automated Local Government Taxes Management System.
After declaration, the payment of tax on sale of immovable property can be made through various methods including Mobile Money, Airtel Money, MobiCash, Internet Banking or Mobile Banking.