Highlights Of The Voluntary Tax Disclosure Programme (VTDP), Rwanda

By the provisions outlined in Article 94 of Law No.020/2023 on Tax Procedures and supplemented by Ministerial Order No. 001/24/03/TC dated 8 March 2024, the Ministry of Finance (Rwanda)has introduced a special one-off opportunity for taxpayers to voluntarily disclose any tax liabilities predating January to December 2023. This initiative is designed to encourage individuals, businesses, and organizations to come forward and report any unpaid taxes, with the exception of customs duties, to the Commissioner General of the Rwanda Revenue Authority. Effective from 22 March 2024 until 22 June 2024, this program offers an automatic exemption from late payment penalties for the disclosed taxes. Find more details in this alert.