The Income Tax (Amendment) Act, 1989

ACT Supplement to the Sierra Leone Gazette Vol. CXX, No. 58 dated 9th, November, 1989 SIGNED this 2nd day of November, 1989. J. S. MOMOH President. (LS) No. 4 1989 Sierra Leone The Income Tax (Amendment) Act, 1989 [Margin: Short title.] [Margin: Cap. 273.] Being an Act to amend the Income Tax Act [1st April, 1989] [Margin: Date of Commencement.] BE IT ENACTED by the President and Members of Parliament in this present Parliament assembled, as follows:—

[Margin: Commencement.] 2 No. 4 Income Tax (Amendment) 1989 [Margin: Cap. 273.] [Margin: Application.]

The provisions of the Income Tax Act as hereby amended shall apply to Income Tax charged or chargeable for the year of assessment commencing on the 1st day of April, 1989 and each succeeding year of assessment. [Margin: Replacement of First Schedule to Cap. 273]

FIRST SCHEDULE Section 27 (1) (a) PART I (Rates of tax applicable to individuals in employment, resident in Sierra Leone) | Chargeable Income | | Rate of Tax Per-centum % | |---|---|---| | The first Le6,000 of the yearly income ... | ... | Nil | | The next Le3,000 of the yearly income ... | ... | 10 | | The next Le5,000 of the yearly income ... | ... | 20 | | The next Le10,000 of the yearly income... | ... | 30 | | The next Le70,000 of the yearly income | ... | 40 | | Any excess over Le94,000 ... ... | ... | 45 | PART II (Rates of tax applicable to individuals in employment, not resident in Sierra Leone) | Chargeable Income | | Rate of Tax Per centum % | |---|---|---| | Up to but not exceeding Le5,000 | ... ... | 10 | | Up to but not exceeding 10,000 | ... ... | 15 | | Up to but not exceeding 25,000 | ... ... | 25 | When chargeable income exceeds Le25,000 the tax to be levied and paid shall be tax on Le25,000 plus 40% of the excess of the chargeable income over Le25,000 but not exceeding Le48,000. Where chargeable income exceeds Le48,000 the tax to be levied and paid shall be on Le48,000 plus 50% of the excess of the chargeable income over Le48,000. No. 4 Income Tax (Amendment) 1989 3 Passed in Parliament this 5th day of September, in the year of our Lord one thousand nine hundred and eighty-nine. C. B. FOFANA, Acting 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 correctly printed copy of the said Bill. C. B. FOFANA, Acting Clerk of Parliament. PRINTED BY THE GOVERNMENT PRINTING DEPARTMENT, SIERRA LEONE GAZETTE No. 58 OF 9TH NOVEMBER, 1989