We went from physical currency to credit and debit cards containing digital currency, to these cards having a microchip in them, to now being able to place your card near a device that will read its data. More specifically with how we make payments. We can see throughout the history of society how we are being conditioned through the process of convenience. If it was spiritual, it would just say in the forehead. This mark could not be spiritual, because the word references two different physical locations. Otherwise we could still buy or sell without the mark among others if physical money was still currency. Referring to the last days, this could only be speaking of a cashless money society, which we have yet to see, but are heading towards. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666” (Revelation 13:16-18 NKJV).
“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name. This microchip will contain all our personal information, and we will lose much more of our privacy because of the tracking capabilities.ĭid you know this microchiop matches perfectly with prophecy in the Bible? Please read on! We are approaching a future in which they will mandate us to have an RFID microchip implanted in our body. I found this information very interesting and should be read by everyone. This is a very important public service announcement concerning our future well being. There are four local firms listed on RSE of the eight companies on the bourse. “You save on income tax at only one cost opening up and disclosing on business as well as ensuring good governance and accountability,” he noted.
Pierre-Celestin Rwabukumba, the RSE chief executive, welcomed the move, saying it will greatly benefit entrepreneurs that come to the market. This despite the fact that disclosure requirements for small-and-medium firms were relaxed.
Though government passed the law for alternative market segment over three years ago, SMEs have shied away from listing on the local bourse. It will replace law No.16/2005 of on direct income taxes.īundugu said the new law will encourage SMEs to come to the market to raise development finance. For instance, companies will pay income tax at 20 per cent if they list at least 40 per cent of their shares on the Rwanda Stock Exchange (RSE), 25 per cent for those that will sell 30 per cent of their shares to the public, while corporate income tax rate will be 28 per cent for any firm that lists 20 per cent stake on RSE under the new law. The new income tax law will give tax incentives for companies that will list on the country’s capital market. “The tax incentives in the Bill will be a boost to other initiatives by the CMA to maintain a conducive environment to ease access to long-term funding through the capital markets,” said Eric Bundugu, the CMA acting executive director. According to the Capital Market Authority (CMA), the development is “one among several initiatives by the government geared at supporting the development of the local capital market”. The local capital market is upbeat following the passing of the income tax Bill by the lower house of Parliament last week. New income tax law timely, says CMA official