Sierra Leone’s Parliament has enacted the Finance Act 2026 on 27 November 2025. The Budget Speech by the Minister of Finance clarifies that the following changes have been made:
Key corporate and withholding tax changes
- Corporate income tax (CIT) rate is restored/increased to 30% (from 25%);
- Minimum Alternate Tax (MAT) is expanded to apply to all companies; the investment allowance is abolished;
- Withholding tax on rental income is increased to 15%;
- Withholding tax on capital income and other…