May 12 2023

Rwanda Proposes to Cut Corporate Income Tax Rate

Source: IBFD Tax Research Platform News

Rwanda has tabled before the parliament an income tax amendment bill proposing several tax changes relating to direct taxation. Among the key changes to be introduced, is a reduction in the standard corporate income tax rate (CIT) from 30% to 28%.

In addition, there will be a reduction of the tax rate from 20% to 10% on employment income between RWF 60,000 to RWF 100,000 per month.

The bill amending these changes was tabled before the parliament on 20 April 2023.