Section 34: The Second Schedule of the Goods and Services Tax Act

2009 is amended by - (a) repealing and replacing item 7 with the following new item- Medical services and pharmaceuticals. Medical services, mosquito nets; and a list of drugs approved and published in the Gazette by the Ministry of Health for treatment of malaria, HIV-AIDS, leprosy, tuberculosis, snake bites, rabies and laser fever, diabetes, high blood pressure, hepatitis, Typhoid, vaccines, condoms. (b) repealing and replacing item 10 with the following new item Financial services The operations of financial institutions licensed, regulated and supervised under the Bank of Sierra Leone Act, 2019 or any other similar enactment and include but not limited to Commercial Banks Financial Associations, micro-finance institutions, Apex Bank and Cooperatives, Capital markets, Discount Houses, Home Mortgage Finance, Leasing Companies and Foreign Exchange Bureaux" (c) inserting the following new item immediately after items (21) Telecommunication Services without free and promotional calls and use to the extent that the value of such supply does not exceed 10 percent of the total billable and unbillable calls used in that period. (d) inserting the following new item immediately after items (24) of Second Schedule "(7) Supply: (22) Supply Description "(10) Supply: Teaching and Learning materials materials specifically imported in reasonable quantities by and consigned to registered schools for official use and not resale outside the school. They must be labelled or bearing an imprint for recognition as items belonging to that particular school and shall be approved by the ministry responsible for basic and secondary education. They include- (a)Interactive white boards; white & green boards (b)Pens and pencils (c) Textbooks and exercise books (d) Art and craft and materials, drawing paper, glue, ink and crayons (e) School recreational equipment: playground equipment, manipulative toys for daycare pre-school, Physical and Health Education items (Balls, Nets, Hurdles, etc.) (f) Uniforms/apparels, such as socks, bags, specifically designed and recognized for a particular school" "(26) Supply: Environmentally friendly activities Description: supply relating to the management and recycling of plastics and other wastes in support of environmentally friendly activities" "(27) Supply: Bulk wheat (grain) Description: wheat is considered as bulk wheat when it is used as input for industrial manufacturing of flour" "(28) Supply: Wheat Flour Description: supply in respect of imported and domestically produced wheat flour" "(25) Supply: Electrical energy consumption The consumption, supply or use of renewable energy from mini grids-connected solar power in Sierra Leone. THE FINANCE ACT 2009