Rwanda may offer reduced tax rates soon for investors in energy, transport and logistics, as well as to fund managers and export-oriented projects, under a new investment code, a Rwanda Development Board (RDB) official said.
The new code, which still needs cabinet approval, is part of a broader strategy to wean Rwanda’s economy off aid and speed up the country’s development. It could be in place by the end of April, said Vivian Kayitesi, head of investment promotion and implementation at the state board.
The proposals could see investment in selected areas qualify for reduced corporate tax, now set at 30 percent. They also aim to ease restrictions on employing expatriates and attract investment from financial institutions.
