Ministerial Order determining the Annual Turnover Required for Certification of Financial Statements

Citation
Ministerial Order 4 of 2019
Date
6 May 2019
Language
English
Type
Legislation
Rwanda

Ministerial Order determining the Annual Turnover Required for Certification of Financial Statements

Ministerial Order 4 of 2019

The Minister of Finance and Economic Planning,Pursuant to the Constitution of the Republic of Rwanda of 2003 revised in 2015, especially in Articles 121, 122 and 176;Pursuant to Law n° 016/2018 of 13/04/2018 establishing taxes on income, especially in Article 13;After consideration and approval by the Cabinet, in its session of 03/04/2019;ORDERS:

Article One – Required annual turnover for certification of financial statements

Any taxpayer with an annual turnover of or above six hundred million (600,000,000) Rwandan francs is obliged to have his or her financial statements certified by a qualified professional approved by the tax administration.However, a taxpayer operating as a distributor of beer, lemonades, soda, juice, cement, petrol and petroleum products dealer and owner of a forex bureau and an audit firm are not bound by the obligation referred to in Paragraph One of this Article except in case they cumulate activities.

Article 2 – Repealing provision

All prior provisions contrary to this Order are repealed.

Article 3 – Commencement

This Order comes into force on the date of its publication in the Official Gazette of the Republic of Rwanda.
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History of this document

06 May 2019 this version
Commenced
29 April 2019
Assented to