Section 11, Tariff Act 1978 is amended by deleting tbe rate indicat€d under

The First Schedule ofth€ IncomJ TaxAct 2000 is anended AmerdmcDtasfottows- 8*'f;L, Acl No- 8 of (a) in Ptrt III by inserting the fouowing new 2000. paragraph immediately after the line relating to the 25oZ rat€ oftax for companies: - "Rate of minimum alternate tax applicable to companies reporting losses the previous year including companies under section 21, resident in Sierra Leone for anY Year of assessment. Rds ofminimlEl alteoatel,D( -2yo (nvo percent)" (b) by repealing and replacing Pan IV with the following new Part ry PART TV (Sections U?,I1&119,120 and 121) Rates of tax to be withheld from pa!,ments made to residents }?e of paynextt Payments to contractors {section I l7) Divid€nds (section I 18) Interests (section I 19) ManagemenVprofessiona[ fees Rents Royalties (section 120) Annuities (section 121(2) {a) Nahral resource paymenfi (122) Reai property (seltion I 23) winnings of l,e I ,000 and above fiom any lottery Rate sYo 159/o l5Yo 15Vo 10/o l5o/o 150/0 15o/o l5"to 18 No. I The Finonce Act. 2074 Amendment of S€cond Sch€dule OfAct No. 8