The Finance (Amendment) Act, 2018

Short title. No. 2018 Sierra Leone THE FINANCE (AMENDMENT) ACT, 2018 Being an Act to amend the provisions of the Finance Acts of 2008, 2017 and 2018 and for other related matters. [ ] THE CUSTOMS TARRIFACT, 1978

The First Schedule to the Customs Tariff Act, 1978 is amendedby (a) repealing the tariff rate under the heading 11.0 and replacing it with the following new tariff rate:- Date of commencement. ACT Amendment of First Schedule to Act No. 16 of 1978 SIGNED this day of , 2018. DR. JULIUS MAADA BIO, President. LS Code No. 11 .0 11 01 .0 0 046.1 Wheat or meslin flour 10 % (b) repealing the tariff rates under the heading 20.09 and replacing them with the following new tariff rates- 11 .0 11 01 .0 0 046.1 Wheat or meslin flour 10 % 20.09 Fruit juices (including grape must) and vegetable juices, unfermented and not containing 20 % added spirit, whether or not containing added sugar or other sweetening matter. Orange juice: 20 09 .1 1 059.1 Frozen 20 % 20 09 .1 2 059.1 Not frozen, of a Brix value 20 % not exceeding 20 20 09 .1 9 059.1 Other-Grapefruit 20 % (including pomelo) juice: 20 09 .2 1 059.2 Of a Brix value not exceeding 20 20 % 20 09 .2 9 059.2 Other-Juice of any other 20 % single citrus fruit: 20 09 .3 1 059.3 Of a Brix value not exceeding 20 20 % 20 09 .3 9 059.3 Other Pineapple juice: 20 % 20 09 .4 1 0 59 .9 1 of a Brix value not exceeding 20 20 % 20 09 .4 9 0 59 .9 1 Other 20 09 .5 0 0 59 .9 2 Tomato juice 20 % Grape juice (including grape must): 20 09 .6 1 0 59 .9 3 Of a Brix value not exceeding 30 20 % 20 09 .6 9 0 59 .9 3 - Other 20 % Apple juice: 2 15 PRINTED AND PUBLISHED BY THE GOVERNMENT PRINTING DEPARTMENT, SIERRA LEONE. Passed in Parliament this day of , in the year of our Lord two thousand and Eighteen. MOHAMED LEBBIE, Ag. Clerk of Parliament. THIS PRINTED IMPRESSION has been carefully compared by me with the Bill which has passed Parliament and found by me to be a true and correct printed copy of the said Bill. MOHAMED LEBBIE, Ag. Clerk of Parliament. No. The Finance (Amendment) Act 2018No. The Finance (Amendment) Act 20184 (d) repealing the excise rates under the heading 2206 and replacing them with the following new rates:- 24.01 Unmanufactured tobacco; 35% tobacco refuse 2401.10 121.1 Tobacco, not 35% stemmed/stripped 2401.20 121.2 Tobacco not partly 35% or wholly stremmed/ stripped 2401.30 122.3 Tobacco refuse 35% 24.02 Cigars, cheroots, cigarillos 35% and cigarettes, of tobacco or of tobacc substitutes 2402.10 122.1 Cigars, cheroots and cigarillos, 35% ontaining tobacco 2402.20 122.2 Cigarettes containing 35% tobacco 2402.90 122.31 Other 35% 24.03 Other manufactured 35% tobacco and manufactured tobacco substitutes; "homogenised" or reconstituted" tobacco; tobacco extracts and essences. -Smoking tobacco, whether or not containing tobacco substitutes in any proportion: Code No. Processing Plants 45,000 Nil 12 months cold rooms 6,000 Nil 12 months Mothership for 45,000 Nil 12 months processing Mothership with 29,250 Nil 12 months canoe supports Aquaculture: 1,500 Nil 12 months Semi- Commercial Aquaculture: 3,000 Nil 12 months Commercial

The supplementary fees for import and other activitiesshall be as follows- SUPPLEMENTARY FEES DETAILS UNITS AMOUNT Import fee Per 20kg. ctn Le 500.00 Local discharge Per 20kg. ctn Le 300.00 Export levy: fishing Per 20kg. ctn US $ 1.5 companies that repatriate sales proceeds Export levy: Fish Per 20kg. ctn US $ 2.0 Processing plants with local partnership agreement with majority shares Fees for import and other activities VESSEL TYPE COST PER GRT ROYALTY PER DURATION VESSEL 220300.90.000 Other forms of beer <10 US$0.015 per (b) repealing the excise rates under the heading 2204 and replacing them with the following new rates:- 2203 Beer made from malt 220300.10.000 Stout & Porter <10 US$0.015 per 220300.20.000 Beer <10 US$0.015 per Non-alcoholic not > 0.5% <10 US$0.015 per 220300.90.000 Other forms of beer <10 US$0.015 per (c) repealing the excise rate under the heading 2205 and replacing it with the following new rates:- 22 05 Vermouth & Other Wine of Fresh <10 US$0.015 wine of Fresh Grapes per cl or Grapes 220510.10.000 US$1.50 220590.10.000 >10 US$0.02 US$2.0 per litre (d) repealing the excise rates under the heading 2206 and replacing them with the following new rates:- g Goods Content per Rate FISHERIES FEES AND ROYALTIES (IN US$) VESSEL TYPE COST PER GRT ROYALTY PER DURATION VESSEL Shrimper and 180 14625 6 months Cephalopods Trawller 360 29250 12 months Demersal & 150 12010 6 months Pelagic Midwater 300 24020 12 months Tuna Purse 35,000 Nil 6 months Seiner (per vessel) 70,000 Nil 12 months Tuna Longline/ others (per vessle) 22,500 Nil 6 months 45,000 Nil 12 months Purse Seine for 21,000 Nil 6 months small pelagics (per vessel) 42,000 Nil 12 months Decked Semi- 750 Nil 6 months industrial fishing 1,500 Nil 12 months vessel Undecked 350 Nil 6 months Semi-indust.: STD 5 -10 500 Nil 12 months canoe snapper/ herring 220600.70.000 Mixture of fruit US$0.015 juice with alc. <10 US$1.50 220600.80.000 Mixture of fruit >10 US$0.02 juice with alc. per cl or US$2.0 220600.90.000 of alc. <10 <10 US$0.015 220600.100.000 Others <10 US$0.015 (e) repealing the excise rate under the heading 2206 and replacing it with the following new rates:- Heading H. S. Code No Description Alcohol Content Excise Rates /Goods per solution (%) Specification 22 08 O Ethyl Acohol with less than 80%; Spirits and Spirituous Beverages 220820.10.000 Brandy >10 US$0.02 per Heading H. S. Code No Description Alcohol Content Excise Rates /Goods per solution (%) Specification 220820.90.000 Others >10 US$0.02 per 220820.90.000 Whiskies >10 US$0.02 per 220840.00.000 Rum and US$0.02 per other Spirits >10 cl or US$2.0 220850.00.000 Gin & Cordials >10 US$0.02 per 220860.00.000 Vodka >10 US$0.02 per 220870.90.000 Liqueurs >10 US$0.02 per 220890.10.000 Other US$0.02 per Forms of cl or US$2.0 Spirituous per litre beverage >10 220890.20.000 Schnapps >10 US$0.02 per 220890.50.000 Alcohol de US$0.02 per menthe >10 l or US$2.0 220890.90.000 Others >10 US$0.02 per 8 9 Heading H. S. Code No Description Alcohol Content Excise Rates /Goods per solution (%) Specification (f) repealing the excise rate under the tariff item No. 24.02 and replacing it with the following new rate:- Tariff Item No. Description/Goods Specification Excise Rate 24.02 Cigars, cheroots, cigarillos 30% and cigarettes, of tobacco or of tobacco substitutes (g) repealing the excise rate under the tariff item No. 24.03 and replacing it with the following new rate:- 24.03 Other manufactured tobacco and manufactured tobacco substitutes, including water pipe tobacco; 30% "homogenised" or "reconstituted" tobacco; tobacco extracts and essences (h) by inserting the following immediately after Tariff Item No 22 .0 Fruit juice and vegetable juice 10% Non-alcoholic beverages (energy drink) 20% FORESTRY ACT, 1988 3. The Forestry Act ,1988 is amended by repealing and replacing section 25A with the following new section - 25A. An exporter of any timber or timber products shall prior to exportation pay to the National Revenue Authority a timber royalty of US $2,500 on every cubic meters of such timber or part thereof" GENERAL 4. The fisheries fees and royalties for vessels shall be as follows: Amendment of Act No. 7 of 1988 Fisheries fees and royalties 10 7 Goods Content per Rate 2206 Other Fermented Beverages (Cider, Perry etc); Mixture of fermented beverages and non-alcholic beverages, NES 220600.10.000 Cider, Perry & Mead >10 US$0.02 US$2.0 220600.20.000 of alcohol <10 US$0.015 220600.30.000 of alcohol>10% >10 US$0.02 US$2.0 220600.40.000 Rasin wine <10 US$0.015 220600.50.000 Rice wine <10 US$0.015 220600.60.000 Palm wine <10 US$0.015 Goods Content per Rate STD 5-10 canoe 975 Nil 6 months croakers 1,6250 Nil 12 months Ghana Plank 650 Nil 6 months herring/Bon Ghana Plank 975 Nil 12 months (Croakers 1,350 Nil 6 months Foreign Canoes 2,300 Nil 12 months 4,000 Nil 12 months Transhipping 700 Nil 12 months Fishing vessels with license to fish in SL ( per vessel per transhipment) Transhiping 2,000 Nil 12 months Fishing vessels with Foreign License ( per vessel per transhipment), which must pay charges for 20 kg of fish as per charges in schedule for export Supply vessel / 6,000 Nil 12 months local carrier VESSEL TYPE COST PER GRT ROYALTY PER DURATION VESSEL 12 5 Code No. 2403.11 122.32 Water pipe tobacco 35% specified in Subheading Note 1 to this Chapter 2403.19 122.32 Other - Other: 35% 2403.91 122.39 "Homogenised or 35% reconstituted" tobacco 2403.99 122.39 Other 35% EXCISE ACT, 1982 2. The First Schedule to the Excise Act 1982 is amended by - (a) repealing the excise rates under the heading 2203 and replacing them with the following new excise rates:- Goods Content per Rate 2203 Beer made from malt 220300.10.000 Stout & Porter <10 US$0.015 US$1.50 per litre 220300.20.000 Beer <10 US$0.015 per Non-alcoholic not > 0.5% <10 US$0.015 per Amendment of First Schedule to Act No. 6 of 1982 Export fee for Fish Per 20kg. ctn US $ 3.0 Processing plants with local partnership agreement without majority shares Export fee for Fish Processing Per 20kg. ctn US $ 3.0 Plants exporting croakers ( gwangwa, lady ) Export fee for smoked Fish Per 20kg. ctn US $ 5.0 Export Fees for crustaceans Per 20kg. ctn US $ 5.0 (shrimps, lobsters, crabs etc.) Export fees for cephalopods Per 20kg. ctn US $ 5.0 ( squids, octopus etc.) Export fee for Fish bladder Per 20kg. ctn US $ 5.0 Export fee for sea cucumber Per 20kg. ctn US $ 10.0 Entry clearance permit for Per vessel US $ 500 fishing vessels Letter of intent for Per request US $ 5,000 the establishment of a new fishing company Fisheries Protection Per /vessel/year US $ 1000 Fisheries Statistics & Research Per /vessel/year US $ 5,00 DETAILS UNITS AMOUNT 14 3 20 09 .7 1 0 59 .9 4 Of a Brix value not 20 % exceeding 20 20 09 .7 9 0 59 .9 4 - Other Juice of any othersingle fruit or vegetable: 20 % 20 09 .8 1 0 59 .9 5 Cranberry (Vaccinium 20 % macrocarpon, Vaccinium oxycoccos, Vaccinium vitis-idaea) juice 20 09 .8 9 0 59 .9 5 -Ot her 20% 20 09 .9 0 0 59 .9 6 - Mixtures of juices 20% (c) repealing the tariff rates under the headings 22.01, 22.02 and 22.03 replacing them with the following new tariff rates- 22.01 Waters, including natural or artificial mineral waters and aerated waters, not containing 35% added sugar or other sweetening matter non flavor 22 01 .1 0 1 11 .0 1 Mineral waters and aerated water 35% 22 01 .9 0 1 11 .0 1 Other 35% 22.02 Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or 35% flavoured, and other nonalcoholic beverages, not including fruit or vegetable juices of heading 22 02 .1 0 1 11 .0 2 Waters, including mineral and aerated waters, containing 35% added sugar or other sweetening matter or flavoured Other: 35% 22 02 .9 1 1 11 .0 2 Non-alcoholic 35% 22 02 .9 9 1 11 .0 2 Other 35% 22 03 .0 0 11 2.30 0 Beer made from malt 30% Code No.