06 September 2018 Rwanda issues guidelines on trade payables and accruals The Commissioner General of the Rwanda Revenue Authority issued a ruling on August 29, which provides guidance on payables and accruals that exceed six months. Article 60 of the Law No. 016/2018 of April 13, establishing taxes on income, provides that money that is recorded in the books of accounts as a liability of a taxpayer to creditors and that reduces the taxable income is deemed a payment if it has exceeded six months following the tax period. Document ID: 2018-1755 |
