The agreement aims to prevent double taxation and foster economic cooperation between the two jurisdictions.
Hong Kong and Rwanda signed an income tax treaty on 9 October 2025.
The agreement aims to prevent double taxation and foster economic cooperation between the two jurisdictions.
The treaty applies to several taxes. For Hong Kong, it covers profits tax, salaries tax, and property tax. For Rwanda, it includes personal income tax, corporate income tax, withholding tax, capital gains tax, and tax on rent from immovable property.
Key withholding tax rates under the treaty are as follows: dividends are taxed at 7.5%, with exemptions for payments to government entities like central banks or monetary authorities; interest is taxed at 8%, also with similar exemptions; royalties are subject to a 9% rate; and fees for technical services, such as managerial, technical, or consultancy services, are taxed at 10%.
The treaty will take effect after both parties exchange ratification instruments.
Once effective, it will apply in Hong Kong starting 1 April of the following year and in Rwanda from 1 January of the same year.
This follows after Hong Kong and Rwanda officials concluded the initial round of negotiations for an income tax treaty on 22 November 2024.
