{{Businesses earning Frw2 Million or lower in a year have been exempted from taxes. Rwanda Revenue Authority has said.}}<\/p>\n
Ben Kagarama, the Commissioner General of RRA, said at a news conference, “any business that makes Frw2 million or less will be exempted from taxation.”<\/p>\n
He added that other businesses making Frw2-4 million a year will pay a flat tax of Frw60,000 whereas those making Frw4-7 million will pay Frw120,000 a year.<\/p>\n
Also businesses that generate incomes between Frw7-10 million will pay a total of Frw210,000 while those earning Frw10-12 million will pay Frw300,000 annually.<\/p>\n
Rwanda Revenue Authority says the new changes come after talks with the traders and the Private Sector Federation.<\/p>\n
“We devised a new tax regime which is now imbedded in a new law to make it easy for the businesses to declare taxes,” says Kagarama. <\/p>\n
\u201cpreviously, businesses making between Frw1.2M and Frw20M were were paying 4% of income..this was considered exorbitantly high. In the new adjustments business that earn Frw2M and lower, have been exempted from taxation.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
{{Businesses earning Frw2 Million or lower in a year have been exempted from taxes. Rwanda Revenue Authority has said.}} Ben Kagarama, the Commissioner General of RRA, said at a news conference, “any business that makes Frw2 million or less will be exempted from taxation.” He added that other businesses making Frw2-4 million a year will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[334],"hashtag":[],"class_list":["post-3463","post","type-post","status-publish","format-standard","hentry","category-business","tag-homenews","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/3463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=3463"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/3463\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=3463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=3463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=3463"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=3463"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=3463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}