Taxes hurting business
Managing Director of Rwanda Motors, Hugues Lefebvre, said high taxes are hurting vehicle business. “We pay 100 per cent before servicing the vehicle,” he said. But Rwanda Revenue Authority (RRA) says the taxes are competitive, low in the region and have been reducing over years. Mary Baine, the Commissioner General RRA however says that with the East African Community Customs Union, import duty will reduce further from the current 30 per cent to 25 per cent. She said investors could be complaining because of the tight enforcement by RRA.
Some of the 100 top investors in the c ountry at Hotel de Mille Collines in Kigali on Friday 23. (Photo/ G.Barya).