Sierra Leone Tax Changes for 2020

According to recent reports, Sierra Leone has implemented several tax changes for 2020 as provided in the Finance Act 2020. Changes include the following with effect from 1 January 2020:

• Capital gains tax withholding requirements are set for persons alienating chargeable assets, although if the alienator is a non-resident, the buyer is made responsible for withholding;
• New rules are introduced allowing tax offset between group companies, provided that the companies are both resident in Sierr…