Sierra Leone Approves Tax Exemption Law to Boost Revenues

Sierra Leone’s Parliament has approved a law that promotes tax and duty exemptions in a bid to stimulate investments and increase exports, the ministry of finance said Wednesday in statement posted on its website.

• The Tax and Duty Exemption Act 2023 that plans to minimize revenue leakage will increase domestic revenue mobilization to 20% of GDP by 2027 from 13.61% currently, the statement said, citing Deputy Minister of Finance Bockarie Kalokoh as saying
• The Duty and Tax Waiver Law promote national policy objectives, such as driving investment into specific sectors, increasing exports and production, as well as introducing sanctions to ...