Rwanda -- Cutting-Edge VAT Compliance
Richard Thompson Ainsworth
NYU - Graduate Tax Program; Boston University - School of Law
September 18, 2013
Boston Univ. School of Law, Law and Economics Research Paper No. 13-46
On August 26, 2013 the Ministerial Order on Modalities of Use of Certified Electronic Billing Machine, No. 002/23/10TC of 31/07/2013, was published in the Official Gazette of Rwanda. This Order has set loose a technology revolution in VAT compliance that promises business efficiencies, and revenue enhancements that are only imagined in more developed countries.
To open the door to technology Rwanda has taken the traditional digital invoice security model, and connected it to a central security portal at the Rwanda Revenue Authority (RRA). Rwanda will now be able to securely monitor transactions in close to real-time (oversight is on-demand).
Number of Pages in PDF File: 6
Keywords: Digital Invoice Customs Exchange, DICE, VAT, Rwanda, Electronic Business Machine, EBM, Sales Data Controller, SDC, Certified Invoice System, CIS, Encryption, VAT fraud, Virtual Sales Data Controller, V-SDC
JEL Classification: H2, H26, H29, K14, K19, K34, K39
Date posted: September 19, 2013