Keeping abreast of tax trends in Sierra Leone

The Income Tax Act has been amended over the years to ensure clarity and to bring it more in line with Government policy. For instance, tax rate for mining companies has been reduced and thresholds for non-taxable salaries have been increased in line with Government policy of reducing the tax burden.

Also, the Finance Acts for 2010 and 2011 have amended certain provisions in the Income Tax Act, 2000 and Goods and Services Tax (GST) Act 2009. All national tax and customs duties (including Income Tax and GST) are administered by the National Revenue Authority (“NRA”) headed by a Commissioner-General.

In this publication all tables/ illustrations and other currency references are based on the Leones (Le) US$1 is equivalent to Le 4334 (25 July 2012).

Although we have taken all reasonable care in compiling this publication, we do not accept responsibility for any errors or inaccuracies that it may contain.

This guide has been prepared for a quick reference and action should not be taken on the strength of the information contained herein without obtaining professional advice.