Rwanda revenue law seeks to make co-operatives pay income tax
Several Rwandan sector-based co-operatives are grappling with low asset bases. Taxing them could hinder their growth. PHOTO | CYRIL NDEGEYA |
The planned enforcement of the income tax law, which looks to make co-operatives pay profit tax has come under resistance from some quarters.
Those against compelling co-operatives to pay income tax said that it is likely to scare away small savers and borrowers, which will impact negatively on poverty reduction programmes in the country.
