Rwanda and France signed Double Taxation Avoidance Agreement (DTAA), which serves as a foundation for creating a stable and favorable business environment for cross-border income between the two counties.
The treaty was signed between France Minister of State for Development, Francophonie and International Partnerships, Chrysoula Zacharopoulou and Rwanda’s Finance Minister Dr. Uzziel Ndagijimana.
The Ministry said tha the DTAA is aligned to Rwanda’s medium-to-long-term objective of positioning itself as a thriving financial hub.
“Beyond attracting additional French investments to Rwanda and ensuring a predictable tax environment for existing ones, the DTAA will foster outbound investments, curb illicit financial flows, and safeguard against discriminatory tax practices,” the Ministry said in a statement.
France becomes the fourth European country that Rwanda has signed a similar agreement with after Luxembourg, Turkey and Belgium. The total number becomes 14 now (South Africa, Belgium, Mauritius, Singapore, Barbados, Jersey, Morocco, Turkey, Qatar, United Arab Emirates, China, Republic of Congo and Luxembourg.
