The Republic of Rwanda and the Grand Duchy of Luxembourg signed an agreement to eliminate double taxation with regard to taxes on income and on capital and to prevent fraud and tax evasion, on September 29, 2021 , in Luxembourg-city. This agreement was signed by HE Dieudonné Sebashongore, Ambassador of the Republic of Rwanda to the Grand Duchy of Luxembourg with residence in Brussels, and HE Pierre Gramegna, Minister of Finance of the Grand Duchy of Luxembourg during a short ceremony.
On this occasion, the two parties exchanged views on the excellent economic and diplomatic relations between Rwanda and Luxembourg. They also discussed ways to further strengthen cooperation and multilateral.
HE Dieudonné Sebashongore, Ambassador of Rwanda to Luxembourg said:
” This agreement will allow Luxembourg and Rwandan economic players to go further in their mutual exchanges. For those who wish to invest in Rwanda, including the diaspora, this agreement will increase their motivation and facilitate business. “
HE Pierre Gramegna, Minister of Finance of the Grand Duchy of Luxembourg declared:
»Our agreement is another brick of economic success that we (…) it will allow the investment because without that see (…), the agreement will be an empty shell “. On the surface, the signing of this convention may appear to be something administrative, but for all countries with Luxembourg has signed agreements on double taxation, interest and will is to strengthen previous relationships, to make them easier, clearer and more transparent. This is how we can trade together and forge bonds that absorb the development aid framework ”. Today’s signing of the free trade agreement between Rwanda and Luxembourg is based on the excellent economic relations between our two countries. Expanding our treaty network is central to our aspirations to transform Rwanda into an international financial destination, as we spearhead the next phase of Rwanda’s ambitious economic reform program.