Rwanda Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Primary Legislation

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Travel Rule

Not adopted

Tax Reporting

If an individual acquires and sells cryptocurrencies for personal investment and not as part of a regular, organized business activity, any profit derived might not be subject to a specific capital gains tax.. However, if the trading activity is frequent, systematic, and profit-driven to the extent that it constitutes a "business" or "professional activity," then the gains would be considered business income and taxed under the individual income tax rates (see "Income Tax on Crypto" below). The RRA would assess whether an activity constitutes a business based on factors like frequency, volume, and intent.. **Exception:** Gains from the sale of shares in a private company and immovable property are subject to a 5% capital gains tax for individuals, but this generally doesn't apply to cryptocurrencies.. Any gain derived by a company from the sale of cryptocurrencies (whether held as an investment, inventory, or for trading) is generally treated as part of its **taxable income**.. This gain would be added to other income and taxed at the **standard corporate income tax rate**, which is currently **30%**.

Key Facts

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