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Finance Act, 2021

The annual finance law for 2021, enacting the revenue and taxation measures of the Government's budget.

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Summary

The Finance Act, 2021 gives effect to the taxation and revenue measures announced in the Government of Sierra Leone's budget for that year, enacting changes to taxes, duties and other revenue measures.

It typically amends the tax laws — income tax, goods and services tax, customs and excise and other duties — by adjusting rates, reliefs and exemptions and making other fiscal provisions, and is read together with the underlying tax statutes.

Main provisions

  • Enacts the revenue and taxation measures of the 2021 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.