Sierra Leone - Taxation



The main items of taxation are customs duties and direct taxes, which include income taxes. A 1963 amendment to the income tax act abolished all personal deductions except medical and dental expenses and the costs of passage to and from Sierra Leone. A husband and wife are assessed separately for income tax on their individual incomes. Income tax is charged at a flat rate, with one rate for citizens and a higher rate for noncitizens. Also levied are a 55% corporate tax, property tax, payroll tax, social security contributions, and taxes on goods and services. In 2003, Sierra Leone's main indirect tax was its 20% sales tax.

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Feb 2, 2011 @ 11:11 am
The main sources of domestic Revenue in Sierra Leone come from taxation and non tax revenue. The taxes include direct and indirect taxes. The direct taxes comprised PAYE, Corporate Tax now at the rate of 30% for all enterprises in the country, withholding tax etc. The Indirect taxes include import and excise duties. The country is now implementing the Goods and Services Tax (GST) since 1st January 2010 replacing seven existing taxes namely: Domestic sales tax, import sales tax, entertainment tax, restaurant tax, message tax, professional services tax, and hotel accomodation tax. the rate is 15% similar to the sales tax.

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