5 – Sales / Annual sales

6 – Opening Stock

7 – Purchases supported by EBM/DMC/WOP

8 – Closing Stock

10 – Cost of Good/Services Sold (L6 + L7 − L8)

15 – Gross Profit (L5 − L10)

16 – Operating Expenses with EBM/DMC/WOP

17 – Expenses related to the Salaries and Wages

18 – Expenses supported by the Withholding

19 – Expenses not requiring EBM or DMC

20 – Operating Expenses (Excl. Rental) (L16+L17+L18+L19)

25 – Depreciation

30 – Total Expenses & Depreciation (L20 + L25)

35 – Net Operating Income (L15 − L30)

40 – Investment Incomes

45 – Non Operating & Extra Ordinary Income

46 – Revenue Surplus (Specified entities exempted from CIT)

50 – Rental Income

55 – Total Income (L35 through L50)

60 – Investment Expenses

65 – Non Operating & Extra Ordinary Expenses

70 – Training and Research Expenses

75 – Accelerated depreciation (Investment Allowance)

80 – Bad Debts

85 – Rental Expenses (≤ 10% of Line 50)

88 – Tax paid on Export of Minerals

89 – Gaming Tax paid

90 – Total Deductions (Sum L60 through L89)

95 – Net Income (L55 − L90)

100 – Reintegration of Non-Deductible Expenses

105 – Depreciation adjustments (+)

106 – Depreciation adjustments (−)

110 – Loss carried Forward from Previous periods

115 – Inter companies Dividends received

116 – Agricultural & Livestock Activities Exempted Turnover

Only included if ≤ 12,000,000 RWF. Amounts above this threshold are excluded.

117 – Income from Saving & Employees Share Scheme

120 – Taxable Income or Loss

(L95 + L100 + L105 − L106) − (L110 + L115 + L116). Rounded to nearest thousand.

125 – Corporate Income Tax to Pay (Line 120 × 28%)

168 – RDB domestic tax investment incentives / RRA discount

170 – Foreign Tax Credit

175 – Corporate Income Tax Payable [L125 − (L168 + L170)]

180 – Quarterly Prepayments

185 – Withholding on Imports

190 – Withholding on Public Supplies

191 – Tax on sale of immovable property

195 – Withholding on Other Payments

200 – Total Credits (Sum L180 through L195)

205 – Over payment from Previous IQP

210 – Net Tax Due / Credit

Line 175 − (Line 200 + Line 205)

215 – Credit Claimed

216 – Credit Approved

217 – Credit Used

218 – Credit added back

220 – Balance