Article 50 of the income tax law no 027/2022 of 20/10/2022 establishing taxes on income as modified and complemented to date says “Companies carrying out gaming activities declare and pay corporate income tax of thirty percent (30%) in accordance with provisions of this Law….”
However, a crucial change occurred with the enactment of Law No. 051/2023 on 05/09/2023, which amended the income tax law but specifically targeted article 48 regarding the tax rate for companies (clarifying that it will be 28%). Surprisingly, the amendment remained silent on article 50, leaving a question whether gaming companies will continue to be subject to the 30% CIT rate. Despite the clarity on the necessity of the CG rule, the silence on the CIT rate in this context has raised eyebrows.
written by Fidele Ukwishaka
T: +250788876772
E: fidele.ukwishaka@ceaconsulting.rw
ukofido54@gmail.com