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Finance Act, 2006

The annual finance law for 2006, enacting the revenue and taxation measures of the Government's budget.

PDF · 26 KBActs2006

Summary

The Finance Act, 2006 gives effect to the taxation and revenue measures announced in the Government of Sierra Leone's budget for that year. Finance Acts are the vehicle by which Parliament enacts changes to taxes, duties and other revenue measures.

The Act typically amends the tax laws — such as income tax, customs and excise, and other duties and levies — by changing rates, introducing or removing reliefs and exemptions, and making other fiscal provisions for the year. It is read together with the underlying tax statutes it amends.

Main provisions

  • Enacts the revenue and taxation measures of the 2006 budget.
  • Amends tax laws by adjusting rates, reliefs and exemptions.
  • May introduce new duties, levies or fiscal measures.
  • Is read together with the underlying tax statutes it amends.