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Section 6: Section 2 of the Income Tax Act 2000 is amended by-

Status not yet checkedThe Finance Act, 2021, Sierra Leone

(a) deleting the definition of "gross income" and inserting the following new definition - "gross income means the total income derived from all sources of a taxable person before any deduction or allowance" 25A of Act No. 7 of 1988. of Section 2 2000. "Royalty o n timber export (b) deleting the definition of "impeding tax administration" and inserting the following new definition - “impeding tax administration” means any action by a person to corruptly, by force or threat of force (including any threatening letter or communication) intimidate, harm or obstruct any officer or employee of a person or agent assisting the National Revenue Authority for revenue collection purposes, including any member of the family of such an officer or employee of a person or agent,". (c) deleting the definition of associate person and inserting the following new definition - “associated persons” refer to two or more persons where- (i) one person is controlled by the other; (ii) such persons are each controlled by the same person or persons. One person is controlled by another person under paragraph (i) where - (i) one person acts or is likely to act in accordance with the directions, requests, suggestions or wishes of the other person whether or not the directions, requests, suggestions or wishes are communicated to that person, or (ii) the other person is a legal person, or the other person holds or controls more than 25 percent of the share capital or the voting rights in the other person. No. 1 Finance Act 2021 No. 1 Finance Act 20218

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