Month: February 2021

 Avoidance and Evasion Evasion of paying tax is a simple breaking of the law whether it be a tax law or any other law. Avoidance is a means of reducing one’s tax liabilities but within the law.  Transfer pricing whether Read More …

. Distinction between trading in and trading with a country  When an individual, or a business, is trading there are two possibilities: Either the trade is carried out within their own country: i.e. both supplier and customer are in the Read More …

.  Purpose of the Law 59/2001 of 31/12/2011  Establishing the sources of Revenue and property of decentralized entities and governing their management Article One :  Purpose of this Law The purpose of this Law is to describe and establish the Read More …

CHARACTERISTICS AND MECHANISM Characteristics of VAT The characteristics of VAT are as follows: VAT is a tax on Sales which constitutes a tax on the expenditure paid by the ultimate consumer since it concerns a general tax on products and Read More …

TAXPAYERS CONCERNED The tax law which applies to Business Entities and individuals who are not employees also applies to companies. But companies and similar organisations as described in Article 38 DTI are subject to additional regulations.: According to  article 38, Read More …

A Taxpayers concerned Individuals who are not employees: There are taxpayers required to pay income tax on business benefits who are physical people and who carry on activities involving financial remuneration on a purely personal basis. In other words, such Read More …

REGISTRATION  Business or other taxable activities Any person who sets up a business or other activities that may be taxable is obliged to register with the Tax Administration within a period of seven (7) days from the beginning of the Read More …

.  TAX ON IMMOVABLES Houses and buildings   Tax base  Taxable elements Within the framework of the tax on houses and buildings, the taxable product will not be the income generated by the houses and buildings but the value of these Read More …

PROPERTY TAX (4TH BASE): BOATS History In earlier times, property tax was based on 6 bases of which the 5th and 3rd bases were abolished, while the 1st, 2nd and the 6th were decentralized to collection at district level. The Read More …

.   INTRODUCTION The Concept of VAT and its History in Rwanda In contrast to income tax, value-added tax (VAT) is a tax on consumption. This means that the taxpayer is not taxed on the moment when their wealth increases but Read More …