Section 11, The Finance Act, 2021

Section 32 of the Income Tax Act 2000 is amended insubsection (2) by inserting the following new paragraph immediately after paragraph (c) - "(d)group members of a company fully registered in Sierra Leone with a minimum of 25 percent holding in the group, shall recoup losses of members in the same group up to ten years as provided for in this Act Provided that ownership and control are tested by reference to the ordinary share capital, voting rights, dividend rights and rights to distributions on liquidation”.