Taxes

Premier calls for more tax compliance for self-reliance

Prime Minister Edouard Ngirente has urged all citizens and residents of Rwanda to faithfully pay their taxes to help the country achieve its goal of being self-reliant. He made the call yesterday in Kigali during a national event to mark the 20th anniversary of the Rwanda Revenue Authority (RRA)...

Saturday, September 29, 2018 - 12:43am

Could changes in East Africa’s tax regime spur growth?

Resolving the current economic and social problems facing East Africa requires a multi-faced approach, with a positive fiscal regime being one of the most important interventions. For local and international investors alike, committing to a country can only be desirable when it makes economic sense...

Monday, September 24, 2018 - 11:04pm

Three arrested for alleged tax default, forgery

Rwanda Investigation Bureau (RIB) has arrested three businessmen for allegedly defaulting on payment of Value Added Tax through the Electronic Billing Machine (EBM) and forging tax stamps. The spokesperson for RIB, Modeste Mbabazi, said that the suspects were arrested between Friday and Sunday....

Wednesday, September 19, 2018 - 12:16am

The free-market case against tax competition

LONDON – The global race to cut corporate tax rates accelerated in 2018. According to the OECD’s latest annual review of tax policies across developed economies, the average rate of taxation on corporate profits has fallen from 32.5per cent in 2000 to below 24per cent today....

Wednesday, September 19, 2018 - 12:07am

Kenya says unpopular fuel tax is necessary, proposes 8% cut

Kenya’s President Uhuru Kenyatta on Friday explained that the unpopular tax on fuel was necessary, even as he proposed to cut it from 16% to 8%. His government faced a strike by some fuel dealers, anger among commuters and a lawsuit after it triggered a hike in transport and fuel prices by...

Monday, September 17, 2018 - 11:11pm

Government introduces new tax on residential houses

People who own extra residential houses will soon start paying a property tax for each extra housing unit as part of new efforts to broaden sources for district revenues. This is one of the highlights of a new bill on property tax passed by parliament on Thursday. Referred to as the law...

Saturday, August 4, 2018 - 12:52am

Global aging and fiscal solvency

CAMBRIDGE  –  Government programmes to support retirees are in trouble in every country, owing to increasing life expectancy and the rising ratio of retirees to taxpayers. The problem will worsen in the years ahead as the adverse demographic trend increases the fiscal burden of...

Monday, July 2, 2018 - 10:14pm