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We provide a wealth of publications by PwC Rwanda providing informed commentary on current developments in the tax arena, both locally and internationally.
Through analysis and comment on new law and judicial decisions of interest, they assist business executives to identify developments and trends in tax law and revenue practice that might impact their business.
In this issue:
Regulatory Alert - National Bank of Rwanda (“BNR”) issues a new Directive on the use of foreign currency in Rwanda
Effective 17 September 2025, the National Bank of Rwanda has introduced a pivotal Directive that addresses gaps left by earlier regulations, particularly Regulation No. 89/2025, which had restricted foreign currency transactions and raised concerns among investors. The new framework expands automatic eligibility for key sectors, introduces a fast-track approval process, and provides a six-month transition window for existing FX-denominated contracts to be regularised. This marks a strategic shift toward a more balanced, transparent, and investor-friendly FX regime, reinforcing Rwanda’s competitiveness as a favourable investment destination.
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