Luxembourg’s Official Gazette has issued a notice confirming the income and capital tax treaty with Rwanda. It signed their first ever income and capital tax treaty, which entered into force on 14 February 2024. The treaty was signed on 29 September 2021 and aims to eliminate double taxation between the two countries.
The treaty covers Luxembourg’s personal income tax, corporation tax, capital tax, and communal trade tax, and Rwanda’s personal income tax, company income tax, and capital gains tax. It establishes rules for determining the source of income and the taxation of various types of income such as business profits, dividends, interest, and capital gains.
The treaty will be effective starting 1 January 2025.
