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Angola's Parliament Approves Tax Treaty With Rwanda

25 July 2024

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Treaty Development

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Angola-Rwanda

The Angolan National Assembly on July 19 approved for ratification the income tax treaty with Rwanda, according to a release published on its website. The treaty was signed April 15, 2022, in Kigali. It stipulates that dividends, interest, royalties, and fees for technical services are taxable at a top rate of 10 percent. Both countries generally use the credit method to eliminate double taxation. This is the first agreement of its kind between the two countries. It will enter into force upon the exchange of ratification instruments, and its provisions will apply from January 1 of the year following entry...