Law library · Sierra Leone · The Finance Act, 2013
Section 36, The Finance Act, 2013
Status not yet checkedThe Finance Act, 2013, Sierra Leone
The Ninth Schedule to the Income Tax Act, 2000 isamended–
(a) by the insertion of the following new
paragraph immediately after paragraph (2)-
“3. Interest Proportion
The proportion of interest cost
deductible in ascertaining chargeable income under subsection (2) of
section 35 shall be eighty percent;”
(b) by the repeal and replacement of paragraph
6 by the following new paragraph:–
Sixth Schedule
to Act No.8
of 2000
26 27
of part II of
the Second
Sche duleRepeal and
of Part V of
the First
Schedule.
of Part II of
the Second
Schedule.
of Ninth
Schedule to
Act No 8 of
2000.
“6. Investment allowance
“The amount of investment
allowance to be deducted from
business income under section 40 is
5% of the cost of the relevant asset.”
Finance Acts 2006, 2007 and 2011
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