Rwanda's New Income Tax Law Includes Several New and Revised Measures

Rwanda published Law No. 027/2022 of 20 October 2022 in the Official Gazette on 28 October 2022, replacing the prior law establishing taxes on income, Law No. 016/2018. The main new and revised measures of the new law are summarized as follows:

• The brackets and rates for personal income tax are amended as follows:
  • for the first year following the date of commencement of the law (i.e., 2023):
    • RWF 0 to 720,000 - 0%
    • RWF 720,001 to 1,200,000 - 20%
    • RWF 1,200,001 and above - 30%
  • from the second…