Jersey’s External Relations Minister Philip Bailhache signed the tax agreement at a ceremony in London on Friday 26th June 2015, making this the ninth Double taxation Agreement that Jersey has entered into, but their first with an African country.
The agreement is in place for the avoidance of double taxation on both corporate and personal income including business profits, dividends, interest and royalties.
Previous agreements that Jersey has entered into with include Guernsey, Estonia, Hong Kong China, Isle of Man, Luxembourg, Malta, Qatar and Singapore. Jersey also has a number of partial agreements and is currently in negotiation with a number of other countries to conclude more.
It is hoped that the agreement would support inward investment into Rwanda and enhance the economic and political relationship between the two countries.
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