The penalties and fines for Income Tax are similar to other domestic taxes. The penalties are applied for taxpayers who commits the following wrongful acts:
Late declaration Late payment…
All types of income tax can be declared either using MyRRA (E-Tax) or M-Declaration except the following:
Real regime: It is declared only through E-tax
Motor vehicle Income Tax: It can be declared…
During the current tax period, as a taxpayer you have to declare and pay to the account of the Tax Administration before and not later than 30 June, 30 September and 31 December of the year of…
Income Tax Period
The income tax is calculated for the calendar year, which starts on 1st January and ends on 31st December unless otherwise provided by the law. The Minister may, upon written…
Taxable Business profit is rounded down to the nearest 1000 Rwandan Francs and taxable at a 30% for income generated up to 2023 and rate of 28% from 2024. However, if you are a newly listed company…
Taxable income for Corporate Income tax include the following:
A company established in accordance with Rwandan law and a foreign company registered in Rwanda; A cooperative society; A…
Corporate Income Tax (CIT)
Corporate income tax is levied on business profits received by taxpayers other than individuals.
Investment incentives
In addition to the above rates for CIT, there are…
