Regulatory Alerts2017-04-01
Added · Updated
Law No. 24/2010 Modifying and Complementing Law No. 16/2005 on Direct Taxes on Income
The Parliament of Rwanda, sanctioned by President Paul Kagame, enacted Law No. 24/2010 to modify and complement existing direct income tax regulations. The legislation introduces targeted exemptions for collective investment schemes, employee share plans, and agricultural profits capped at twelve million Rwandan francs. It further clarifies non-deductible expenses, establishes standardized depreciation rates for tangible and intangible assets, and sets a thirty percent capital gains tax on commercial property sales while exempting secondary market securities transactions.
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