The move follows the establishment of the Law nº 016/2022 of 29/06/2022 approving the ratification of the agreement between Rwanda and Angola for the elimination of double taxation with respect to taxes on income and the prevention of tax avoidance and evasion, released in the Official Gazette on 22nd July 2022.
The agreement shall be applicable to Personal Income Tax ; Corporate Income Tax ; Withholding Taxes ; Capital gain tax ; and Tax on Rent of Immovable Property.
The Agreement shall apply also to any identical or substantially similar taxes that are imposed after the date of signature of the agreement in addition to, or in place of, the existing taxes.
The competent authorities of the Contracting States shall notify each other of any significant changes that have been made in their respective taxation laws.
Apart from Double Taxation Avoidance, Rwanda and Angola also signed more agreements in the areas of Extradition, Legal Assistance ; Transfer of Convicted Persons ; Agriculture and Livestock Development, on Local Administration and cooperation in the field of Health.
Others were signed on Mineral Resources, Oil and Gas ; and an MoU between National School of Administration and Public Policies (ENAPP) and Rwanda Management Institute (RMI).
Speaking at the signing ceremony held in Kigali on Friday 15th April 2022 ; Rwanda’s Minister of Foreign Affairs, Dr. Vincent Biruta said that the parties will work together to ensure both countries’ people benefit from signed agreements.
He further stated that Rwandans can visit Angola for business reasons and benefit from signed agreements on avoidance of double taxation.
At the time ; Angolan Minister of External relations, Amb. Tete Antonio explained that the move set a framework for existing relations between both countries.
He underscored that the signing of agreements is a great milestone for both countries and encouraged technical team to work hard and develop a shared agenda for the creation of innovations, follow up of signed agreements and implementation.