On 14 September 2023, Rwanda gazetted a law reducing the standard corporate income tax rate from 30% to 28%.
The new law (Law No.º 051/2023), further introduced a provision related to tax declarations, allowing taxpayers required to submit certified financial statements to seek tax administration authorization for the provisional filing of non-certified financial statements.
Taxpayers that receive authorization remain liable to pay the tax by the due date and are further required to submit to the tax administration their annual tax declaration and certified financial statements within 3 months from the date of the provisional tax declaration.
The new law amends law No. 027/2022 of 20/10/2022 establishing taxes on income.