Jersey – Rwanda: Tax Treaty Details Become Available

The details of the recently signed Income Tax Treaty between Jersey and Rwanda have become available. The treaty was signed on 26 June 2015.

The treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1 January of the calendar year next following that in which the agreement enters into force.

In accordance with the treaty, the following withholding taxes will apply:

Dividends: 10%.

Interest: 10%.

Royalties: 10%.

Management or Professional Fees: 12%.