Ignore tax risk management at your own peril

Tax risk management still remains an alien term for many businesses in East Africa including Rwanda. This is because it is often given a backseat. In most cases, the finance director or finance manager becomes involved in tax issues when there is a notice from Rwanda Revenue Authority (RRA) planning to undertake an audit or worse still, when a huge assessment has been raised by RRA and requires to be addressed.  However, tax risk management goes beyond merely filing monthly tax returns and annual returns or having a tax officer who deals with local tax compliance issues.
Nelson Ogara
Nelson Ogara
Times Reporter