Law library · Sierra Leone · The Income Tax Act, 2000
Section 40: Investment allowance.
Status not yet checkedThe Income Tax Act, 2000, Sierra Leone
A deduction known as investment allowance is allowed at the rate specified in paragraph 6 of the Ninth Schedule
on expenditure to purchase assets within Group 1 of the Seventh Schedule and in the case of businesses in the tourist
industry, the investment shall be allowed at the rate specified in paragraph 6 of the Ninth Schedule on expenditure
incurred in acquiring new assets within Groups 1 and 4 of the Seventh Schedule.
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