Gov’t to spend Rwf12.5b in the EAC Customs Union

External tariffs on finished goods will be lowered to 25 percent from the current levy of 30 percent while intermediate goods will be levied at 10 percent from the current 15 percent. The treasury will incur a financial loss of Rwf12.4 billion in taxes this year as government implements the East African Customs Union, according to the Ministry of Finance.
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Times Reporter