- Rwanda Revenue Authority has zero-rated Value Added Tax, excise duty, and withholding tax on imported vehicles valued at $60,000 (approx. Rwanda Revenue Authority was therefore asked to zero-rate Value Added Tax, excise duty, and withholding tax on imported vehicles valued at $60,000 (approx. In 2019, Rwanda made an approximate income of $498 million (KSh 50 billion) in revenue from tourism, a figure that decreased sharply in 2020. With Rwanda targeting to grow that revenue to at least $800 million (KSh 81 billion) in the next three years, the move is timely. The tax exemption is an additional incentive to an already existing seven-year tax holiday for investors with over $50 million (KSh 5 billion).

Source: Daily Nation February 16, 2021 13:48 UTC