The Agreement between the Government of the Republic of Korea and the Government of the Republic of Rwanda for the Elimination of Double Taxation With Respect To Taxes on Income and the Prevention of Tax Evasion and Avoidance takes effect on December 19, 2024. This follows the signing of the agreement on September 13, 2023, and the completion of domestic procedures in both countries in November 2024.
The agreement is expected to alleviate the tax burden on Korean companies in Rwanda, facilitate economic exchange between the two countries, and to prevent tax evasion.