A Significant Change for Rwanda’s Business Landscape
The Manufacture and Build to Recover Programme (MBRP), a key initiative designed to stimulate Rwanda’s economic recovery post-COVID-19, is set to conclude. The Rwanda Development Board (RDB) has announced that no new applications will be accepted after April 2024.
What Does This Mean for Businesses?
- Limited Extension for Existing Beneficiaries: Businesses approved for the MBRP in 2023 can continue to enjoy the program’s benefits until December 31, 2024.
- Post-December 2024: All tax exemptions associated with the MBRP will cease.
Planning for the Future
As the MBRP winds down, it’s crucial for businesses to:
- Verify MBRP Approval Date: Confirm the specific date of your company’s MBRP approval.
- Consult with Experts: Seek advice from accountants or tax advisors to understand the potential tax implications.
- Plan for the Transition: Develop a strategy to adapt to the new tax landscape.
How Apex Logistics Can Assist
At Apex Logistics, we understand the complexities of navigating Rwanda’s import and export regulations. We offer a comprehensive range of services to help you:
- Customs Clearance: Efficiently clear your goods through customs.
- Tax Calculations: Accurately calculate and manage taxes.
- Regulatory Compliance: Ensure adherence to all relevant regulations.
By partnering with Apex Logistics, you can mitigate the impact of the MBRP’s closure and continue to thrive in Rwanda’s dynamic business environment.
Stay informed about the latest updates on tax regulations and business incentives by visiting the Rwanda Development Board website: https://rdb.rw/
For any inquiries or to discuss your specific needs, please contact Apex Logistics.
