Sierra Leone Parliament Enacts Finance Act 2026 with Higher Corporate Income Tax and Withholding Taxes

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…