Public calculator (estimate). Amounts in RWF.
5 – Sales / Annual Sales
6 – Opening Stock
7 – Purchases Supported by EBM/DMC/WOP
8 – Closing Stock
10 – Cost of Good Sold (L6 + L7 − L8)
15 – Gross Profit (L5 − L10)
16 – Local Expenses with EBM/DMC/WOP
17 – Expenses related to Salaries and Wages
18 – Expenses supported by the Withholdings
19 – Expenses Not Requiring EBM/DMC
20 – Operating Expenses (Excl. Rental) (L16+L17+L18+L19)
21 – Depreciation
22 – Total expenses and depreciation (L20 + L21)
25 – Net Operating Income (L15 − L22)
30 – Employment Income
35 – Investment Income
40 – Transport Income
41 – Rental Income
45 – Non-Operating & Extra Ordinary Income
50 – Total Income (Sum L25 through L45)
55 – Employment Deductions
56 – Deemed rental expenses (10% of gross rental income)
57 – Interests paid on loan of rented items
60 – Investment Expenses
65 – Transport Expenses
70 – Non-Operating & Extra Ordinary Expenses
75 – Training and Research Expenses
80 – Investment Allowance
85 – Bad Debts
88 – Tax Paid on Minerals
90 – Total Deductions (Sum L55 through L88)
95 – Net Income (L50 − L90)
100 – Reintegration of Non-Deductible Expenses
105 – Depreciation Adjustments (+)
106 – Depreciation Adjustments (−)
110 – Loss carried Forward (Previous 5 periods)
111 – Agricultural & Livestock Exempted Turnover
Only included if ≤ 12,000,000 RWF. Amounts above this threshold are excluded.
112 – Savings & employees share schemes exemption
113 – Exempted foreign sourced income
115 – Taxable Income
(L95 + L100 + L105 − L106) − (L110 + L111 + L112). Rounded to nearest thousand.
120 – Personal Income Tax (progressive on Line 115)
140 – Foreign Tax Credit
145 – Personal Income Tax Payable (L120 − L140)
150 – Quarterly Prepayments
155 – Withholding on Imports
160 – Withholding on public Supplies
165 – Withholding on Other Payments
166 – Tax on sale of Immovable property
170 – Withholding on Payments (PAYE)
175 – Total Credits (Sum L150 through L170)
180 – Over-payments from previous IQP
185 – Net Tax Due/Credit (L145 − L175 − L180)
190 – Credit Claimed
191 – Credit approved
192 – Credit used
193 – Credit added back
195 – Balance Due
5.Business income (annual turnover)
10.Cost of Goods sold(line170 of annex A)
15.Gross Profit(Line5-Line10)
20.Expenses(line285 of annex A)
25.Depreciation(line599 of annex A):
30.Total expenses and depreciation(add lines 20 through 25):
35.Net operating income(substract line30 from line15):
40.Investment income(line15 of annex B):
45.Non operating & Extraordinary income:
50.Total income(add line35 through 45):
55.Non operating & Extraordinary expenses:
60.Investment expenses(line35 of annex B):
65.Net income(line50 - line55 - line60):
70.Reintegration of non-deductible expenses:
75.Depreciation adjustment(+/-):
80.Loss carried forward from previous five tax periods:
85.Taxable income(add line65 through line75)- line80:
90.Corporate income tax(line85 * 30%):
95.Tax discounts(brought forward from line 160):
100.Foreign tax credit(line65 of annex C):
105.Corporate income tax payable:
110.Quarterly prepayments(line70 of annex D):
115.Withholding on imports:
120.Withholding on public tenders:
125.Withholding on other payments(investments,service fees..):
130.Total credits(sum line110 through 125):
135.Overpayment from previous periods:
140.Net tax due/credit(substract line140+line145 from line110):
145.Refund claimed:
150.Balance:
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