Rwanda Revenue Authority (RRA) is set to auction Union Trade Center (UTC), a mall owned by tycoon Tribert Rujugiro Ayabatwa, over tax arrears.
“All interested people are informed that RRA will auction the Union Trade Center property,” reads the announcement.
The property will be auctioned on 25th September at 2:00pm over tax arrears the owner owes the government.
The announcement says that visiting property by interested buyers will begin on 20th September 2017.
RRA says that the auction will take place where the property is located at Kiyovu cell of Nyarugenge Sector in Nyarugenge District.
In May, RRA added UTC to 14 properties that were seized by the government over tax arrears. RRA had requested UTC owner to pay the tax in 15 days and added that it was the last notice; otherwise the property would be auctioned.
However, other sources say that UTC owes government a sum of about Rwf1.2 billion, resulting from evaded taxes between 2007 and 2013, plus penalties.
- UTC Building principally owned by business mogul Tribert Rujugiro Ayabatwa to be auctioned