Rwanda issues directive on utilization of credit notes

The Rwanda Revenue Authority (RRA) issues taxpayer credit notes for tax overpayments that have been verified and approved by the revenue authority. The credit note is then presented by the taxpayer to the nearest revenue authority office to offset future tax liabilities. This, in some cases, entails the credit note being presented to the revenue authority several times.

In an apparent attempt to take inventory of the volume of unutilized credit notes, cash flow projection and national budgeting p…