Sierra Leone MOF Presents 2026 Budget Statement

The Sierra Leonean Ministry of Finance Nov. 28 presented the fiscal year 2026 budget statement to Parliament. The statement includes measures to: 1) expand the alternate minimum tax (AMT) to include all companies, and abolish the investment allowance; 2) increase to 30 percent from 25 percent the corporate income tax rate, to align it with the regional average and the top marginal individual income tax rate; 3) apply the 15 percent withholding tax rate on rental income to other capital incomes, such as interest, dividend, and royalties income; 4) increase to 20 percent from 15 percent the withholding tax rate ...