Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698844384110.pdf (Sierra Leone)
ACT Supplement to the Sierra Leone Gazette Extraordinary Vol.

CXLX, No.

3 dated 11th January, 2019 SIGNED this 11th day of January, 2019.

DR. JULIUS MAADA BIO, President.

LS No.

2 2019 Sierra Leone THE FINANCE ACT, 2019 Short title.
Being an Act to provide for the imposition and alteration of taxes, to give effect to the financial proposals of the Government and to provide for other related matters for the financial year 2019 ENACTED by the President and Members of Parliament in this present Parliament assembled.

[ ] Date of com- mencement.

2 No.

2 Finance Act 2019 No.

2 Finance Act 2019 55 commence- ment.

1.


Unless otherwise provided, this Act shall be deemed to come into operation on the 1st day of January, 2019 PART 1-PROVISIONS RELATING TO REVENUE Amendment of Section 2 of Act No 16 of 1968 THE CUSTOMS TARIFF ACT, 1978 2.
The Customs Tariff Act 1978 is amended in section 2 by (a) repealing and replacing the definition of "raw materials" with the following new definition - "raw materials" mean Judicial Separation Recognition Legitimation Free Free Free 25,000.00 50,000.00 25,000.00 50,000.00 25,000.00 50,000.00 (a) (b) basic materials which are needed for the manufac- ture of goods, but which are still in a raw, natural, unrefined or unmanufac- tured state; and in the case of a manufac- turer means any material or goods which are required for its manufac- turing process whether they have actually been previously manufactured or processed or are still in a raw or natural state and are concealed or labeled with the name of the local manuacturing company.
(b) repealing and replacing the definition of "packaging materials" with the following new definition - "packaging materials" mean all products made of any material of any nature to be used for the containment, protection, handling, delivery and preservation of goods from the producer to the user or consumer, labeled with the name of the local manufacturing company and include- Passed in Parliament this 1st day of November, in the year of our Lord two thousand and eighteen.
PARAN UMAR TARAWALLY 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 correct printed copy of the said Bill.

PARAN UMAR TARAWALLY Clerk of Parliament.

PRINTED AND PUBLISHED BY THE GOVERNMENT PRINTING DEPARTMENT, SIERRA LEONE.

GAZETTE EXTRAORDINARY NO.

3 OF 11TH JANUARY, 2019.

54 No.

2 Finance Act 2019 No.
2 Finance Act 2019 3 NON GOVERNMENTAL ORGANISATIONS No CATEGORY NON ECOWAS ECOWAS 1 Volunteers / 600,000 500,000 missionaries/ CBOs/ 2 3 Full time staff 5,000,000 1,000,000 Short Term Staff- 2,000,000 1,000,000 0- 6months NATIONAL CIVIL REGISTRATION AUTHORITY (NCRA) Description REGISTRATION COST CERTIFICATION COST EARLY DELAYED RE-ISSUE Free Free 10,000.00 25,000.00 10,000.00 25,000.00 Free 25,000.00 50,000.00 Free Free Free 25,000.00 50,000.00 50,000.00 150,000.00 25,000.00 50,000.00 Birth Death (including foetal death) Marriage (Christian, Muslim, etc.)
Divorce Adoption Nullity (a) (b) (c) (d) (e) 'primary'or 'sales' packa- ging which is packaging that forms a sales unit for the user of final consumer such as a box containing soap powder; "secondary" or "grouped" packaging which is packaging that contains a number of sales unit such as a card- board outer containing a number of boxes of soap powder' 'tertiary" or "transport " packaging which is packaging used for group secondary packa- ging to aid handling, transportation and prevent damage to the products such as the pallet and shrink wrap used to transport a number of cardboard outers containing boxes of soap powder; "wood packaging ; and Packaging made from other materials such as hessian, jute, cork, and ceramics (c) inserting the following new section immediately after section 2- Exclusion of certain containers 2 A.
For the purposes of this Act containers referred to under the definition of packaging materials shall not include road, ship, rail or air containers 4 No.

2 Finance Act 2019 No.

2 Finance Act 2019 53 THE EXCISE ACT, 1982 Amendment of Section 3A of Act No 6 of 1982 3.
Section 3A of the Excise Act 1982 is amended by repealing and replacing that section with the following new section- Luxury vehicles 3A (1) An excise duty of 20% shall be imposed on luxury vehicles valued at least US $50,000 or its equivalent in Leones (2) For the purposes of this section luxury vehicles (a) mean the vehicles set out in the First Schedule; (b) shall not include any vehicle designed to be used or used for mining, construction, industrial or agricultural operations and special purpose vehicles.
Amendment of First Schedule toSchedule to Act No 6 of 19 82 4.
The First Schedule to the Excise Act 1982 is amended by- (a) deleting the corresponding rate under tariff item No 24.02 and inserting the following Tariff item No Description Rate 24.02 Cigars, cheroots, cigarillos and cigarettes of tobacco or of tobacco substitutes 30% on cost, insurance and freight (CIF) (b) deleting the corresponding rate under tariff item No 24.03 and inserting the following - 12 Hotel/Catering/Restaurants/ 2,000,000 1,000,000 Entertainment 13 Educational Institutions 1,000,000 500,000 14 Casinos 5,000,000 2,000,000 15 Lottery/Betting companies 5,000,000 2,000,000 16 Consultants/ Research 2,000,000 1,000,000 17 Garages/Automobile/ Car Dealers 5,000,000 2,000,000 18 Sport 1,000,000 500.000 19 Health Services ( Hospital, Clinics,) 1,500,000 1,000,000 20 Private Security companies 2,500,000 1,250,000 21 Water Drilling 2,000,000 1,000,000 22 Wild Life Zoo 1,000,000 500,000 23 Insurance Companies 5,000,000 3,750,000 24 Agricultural industries 2,000,000 1,000,000 52 No.
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2 Finance Act 2019 5 4.

MINISTRY OF LABOUR AND SOCIAL SECURITY RATES NON - ECOWAS Le.

ECOWAS Le.

WORK PERMIT DESCRIPTION OF REVENUE STREAM A.
PRIVATE SECTOR Application Form 100.000 100.000 Mining Sector (Dealer, Exporter, Agent) 6,250,000 5.000.000 Energy Sector (Oil, Petroleum, Gas) 5,000,000 4,000,000 Aviation ( Traveling Agencies, Sea Transport) 6,250,000 5,000,000 Shipping Agencies(Clearing and Forwarding) 6,250,000 5,000,000 Marine Sector(Fishing companies etc) 6,250,000 5,000,000 General Merchandise(Shop - Owner, partner, Employees) 2,500,000 1,250,000 GSM/Telecom Sectors (internet/IT service providers/Satellite TV Operators ) 5,000,000 3,750,000 Banking/Insurance/Foreign Exch.
Bureau / 5,000,000 3,750,000 Microfinance 10 Manufacturing Sector ( Factories etc) 2,000,000 1,000,000 11 Construction/ Quarrying/Engineering 4,000,000 3,000,000 Tariff item No 24.03 Description Rate and freight (CIF) Other manufactured tobacco 30% on cost, insurance and manufactured tobacco substitutes, including water pipe tobacco, "homogenised" or "reconstituted " tobacco, tobacco extracts and essences INCOME TAX ACT, 2000 5.
Section 23 of the Income Tax Act 2000 is amended in sub- section (1) by inserting the following new paragraph immediately after paragraph (r)- Amendment of Section 23 of Act No 8 20 00 "(s) any leave allowance in excess of the gross monthly salary shall be subject to income tax at the existing highest marginal tax rate for individual income tax" 6.
Section 32 of the Income Tax Act 2000 is amended in sub- section (2) by inserting the following new paragraph immediately after paragraph (s)- Amendment of Section 32 of Act No 8 20 00 "(t) expenses arising from the assignment of use or the right to use rights, such as copyrights and industrial property rights, in trade and banking services, technical, scientific and similar know-how, knowledge, and skills such as plans, designs, processes to the extent that 6 No.

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2 Finance Act 2019 51 (i) (ii) the recipient of the income from the assignment of rights is a related party, vis-à-vis the debtor; the payer or recipient (direct or indirect) is already subject to a special preferential tax regime in Sierra Leone."

Amendment of Section 110 of Act No 8 2000 7.


Section 110 of the Income Tax Act 2000 is amended by repealing and replacing subsection (5) with the following new subsection - Amendment of Section 117 of Act No 8 2000 “(5) Where the Commissioner is satisfied that the beneficiary owner of an account held by any bank or other financial intermediary has failed to pay tax without lawful reason, the Commissioner-General may by notice in writing order to suspend the operation of the account until the tax is paid ."
8.
Section 117 of the Income Tax Act 2000 is amended in sub- section (3) by - (a) renumbering the subsections immediately after subsection (5) as ''sub-sections (6) and (7)'' respectively; (b) inserting the following new subsections immediately after sub-section (7) (8) "A taxpayer that engages the services of a sub-contractor exclusively shall ensure that evidence of full compliance of the tax obligations of his contractors are provided prior to the conclusion or termination of a contract with such contractors.
(9) "A taxpayer shall be held liable for all unpaid taxes including interest and penalties of his contractors that are exclusively engaged by them upon failure to ensure that evidence of payment and compliance of the tax obligations of such contractor are provided and ascertained upon conclusion or termination of the contract.
Opposition of Trade Mark Restoration Fee Surcharge CONVEYANCE SECTION Registration of Instruments Will Deposit Will Withdrawal Certify True Copy Search Fee Stamp Duty Fees Land Tax Central Freetown Other Areas in the West Farm Land 200,000.00 800,000.00 100,000.00 200000 100000 100000 50000 50000 0.01 of Consideration 200,000 per Acre 100,000 per Acre 10,000 per Acre 50 No.

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2 Finance Act 2019 7 BUSINESS REGISTRATION Sole Proprietorship Partnership Change of Name Change of Address Certified Copy TRADE MARKS Registration of Trade Marks Renewal of Trade Marks Assignment of Trade Marks Merger of Trade Marks Change of Name Change of address Search Fee Withdrawal of Trade Marks Cancellation of Trade Marks Amendment of Trade Marks Trade Marks Certified True Copy 220,000.00 300,000.00 60,000.00 60,000.00 60,000.00 400,000.00 400,000.00 200,000.00 200,000.00 200,000.00 200,000.00 20,000.00 200,000.00 200,000.00 200,000.00 50,000.00 9.
Section 120 of the Income Tax Act 2000 is amended in sub- section (3) by - Amendment of Section 120 of Act No 8 2000 (a) (b) substituting "60 days" with "30" days in paragraph (j) inserting the following new paragraph immediately after paragraph (l) "(m)the individual tenant referred to in paragraph (c) of this sub-section shall submit a copy of the rent or lease agreement to the Commissioner-General for the purpose of determining the rental income tax of the property" (c) inserting the following new paragraph immediately after paragraph (m) "(n) Whether or not there is a rent or lease agreement if the Commissioner-General is of the opinion that the rental value of the property is grossly understated, he may undertake an assessment of the rental value of such property by using best judgment, including comparing the rental value of similar properties within the same locality in the tax district where the property is situated to calculate the rent payable for such property" 10.
Section 152A of the Income Tax Act 2000 is amended by repealing and replacing subsection (1) with the following new sub- section- Amendment of Section 152Aof Act No 8 2000 "(1) Subject to section 149 a person who fails to pay income tax after payment is due under this Act shall be liable to a penalty where the failure is for a period of - 8 No.

2 Finance Act 2019 No.


2 Finance Act 2019 49 (a) (b) (c) not more than thirty days to a sum equal to 10 % of the tax payable in addition to the unpaid tax; more than thirty days and up to 90 days, to a sum equal to 15 % of the tax payable ; more than90 days, to a sum equal to 25% of the tax payable."

Amendment of Schedule to Act No 8 20 00 11.


The First Schedule to the Income Tax Act 2000 is amended by repealing and replacing Part I with the following formula if chargeable income is The tax is Nil Less or equal to 6,000,000 >Le6,000,000 but not>Le12,000,000 15% >Le12,000,0000 but not>Le18,000,000 20% >Le18,000,000 but not>Le24,000,000 25% 30% Over Le 24,000,000 NATIONAL REVENUE AUTHORITY ACT, 2002 Amendment of Section 12 of Act No 11 of 2002 12.
Section 12 of the National Revenue Authority Act,2002 is amended in subsection (3A) by inserting the following new paragraphs immediately after paragraph (d)- "(e) collect all non-tax revenue debts owing to the Government of Sierra Leone, including license payments that are due on a yearly basis, as they become due; (f) seal the premises of a non-tax revenue debtor; and 2.
STANDARDS BUREAU Description Rates Import clearance tests for petroleum 0.05% of CIF/FOB amount per products product Recertification tests for shore tank Le 150,000 per works unit for petroleum products tests carried out Compliance Tests for imported base Le 150,000 per works unit for oil lubricants tests carried out General quality assurance tests for petroleum products and base oil lubricants Le 150,000 per works unit for tests carried out 3.
OFFICE OF THE ADMINISTRATOR AND REGISTRAR GENERAL DESCRIPTION MARRIAGE REGISTRATION Civil Marriage RATE 300,000.00 Registration of Muslim Marriage Certificate 50,000.00 Registration of Christian Marriage Certificate 50,000.00 Fee for both Muslim and Christian Marriage certificate 50,000.00 Certification of both Marriage certificates 20,000.00 Fee for Muslim Divorce Certificate Christian Marriage Licence 50,000.00 300,000.00 48 No.

2 Finance Act 2019 No.
2 Finance Act 2019 9 To prepare 2 x 12 x 14 corner strips QUARRY OPERATIONS 20,000 RATES Quarry Operations where blasting is allowed 15,000,000 Quarry operations where blasting is not allowed 9,000,000 Quarry operations where blasting is not allowed and mini crushers are used for crushing 4,500,000 PETROLEUM PRODUCT QUANTITY FEE (Le) STORAGE REGULATION Class A Class B Class C Dangerous Petroleum Dangerous Petroleum Dangerous Petroleum 180 Litres 500,000 900 Litres 1,000,000 900 Litres 1,500,000 Class D Non-dangerous 900 Litres 1,500,000 Petroleum Class E Non-dangerous 900 Litres 1,500,000 Petroleum (g) order a third-party including banks holding money for a non- tax revenue debtor to pay to the National Revenue Authority all of the debt of the non-tax revenue debtor or any amount that is sufficient to discharge the non-tax revenue debt".
13. amended - Section 24 of the National Revenue Authority Act,2002 is Amendment of Section 24 of Act No 11 of 2002 (a) in subsection (1) by repealing and replacing paragraph (a) with the following new paragraph - (a) "two percent of actual revenue collected by the Authority shall be allocated for recurrent expenditure and one percent of the actual revenue collected shall be allocated for capital expenditure; (b) by repealing and replacing subsection (2) with the following new subsection- "(2) The funds specified in paragraph (a) of subsection (1) shall be payable to a designated account of the Authority at the Bank of Sierra Leone through electronic funds transfer and (a) the actual revenue collected shall be deposited into the Consolidated Revenue Fund; (b) the Bank of Sierra Leone shall every first working day of the week debit the Conso- lidated Revenue Fund and 10 No.
2 Finance Act 2019 No.

2 Finance Act 2019 47 credit the Authority's desig- nated account with the amount due for the previous week's actual cash collection recorded by the Bank of Sierra Leone; and (c) the balance of non-cash collection shall be reconciled and paid on or before the 15th of the following month for the previous month's collection."

Amendment of Section 26A of Act No 9 of 20 06 FINANCE ACT 2006 14.
Section 4 of the Finance Act, 2006 is amended by repealing and replacing that section with the following new section- "Liabilities of import duty, GST and other taxes and levies 4 (1) No tax and import duty exemptions shall be granted on any import of a contract awarded by a Government Ministry, Department or Agency.
(2) Any new contract entered into by a Ministry, Department or Agency shall be inclusive of the basic cost of the contract and all applicable tax payments due shall be paid by the contractor (3) For the purposes of subsections (1) and (2) fiscal incentives in any contract, contrary to prohibited tax and duty exemptions, awarded by a Government Ministry, Department or Agency shall be declared null and void.
(4) A Ministry, Department or Agency shall be liable to pay through budgetary provisions import duty, Goods and Services Tax (GST) and other taxes and levies on their imports and contracts that are subject to these payments. "
To manufacture 4ft 6" box bed 150,000 To manufacture lounge upholstery set of chairs 800,000 To manufacture coffee table ordinary 250,000 To prepare a sets of chair les (single) To Prepare a set of table legs (single) To prepare a set of table legs (special) To rip 2 x 12 x 14 timber To rip 2 x 12 x 14 timber To rip 2 x 12 x 14 timber To manufacture pillar To rip 2 x 3 x 14 timber To rip 1 x 12 x 14 timber To plain 2 x 4 x 14 timber To plain 2 x 4 x 14 timber To prepare 2 x 12 x 14 door frame To prepare 2 x 12 x 14 ordinary fillet To prepare 2 x 12 x 14 chaiper fillet To prepare 2 x 12 x 14 panel To prepare 2 x 12 x 14 timer 20,000 20,000 30,000 8,000 8,000 80,000 100,000 8,000 10,000 10,000 10,000 20,000 20,000 20,000 30,000 6,000 46 No.
2 Finance Act 2019 No.
2 Finance Act 2019 11 CARPENTRY WORKSHOP RATES Job description for furniture To manufacture a dining chair 50,000 To manufacture a dining table with plywood top 150,000 To manufacture a double wardrobe To manufacture a single wardrobe 250,000 150,000 To manufacture a dining table with timber top 120,000 To manufacture a 4 x 6 single bed without bedside drawer To manufacture a front panel door To manufacture a batten door 2" - 6" - 6" To manufacture a flush door (single) To manufacture a writing desk To manufacture 5'-0'" typist writing desk To manufacture Executive Writing Desk To manufacture China Cupboard To manufacture a chest of drawer To manufacture C-6 Set of Chairs To manufacture single dressing table To manufacture a continental box bed 100,000 100,000 50,000 50,000 100,000 120,000 120,000 300,000 300,000 350,000 100,000 300,000 THE TELECOMMUNICATIONS ACT, 2006 15.
Section 26A of the Finance Act, 2006 is amended by inserting the following new subsections immediately after subsection (5)- Amendment of Section 4 of Act No 7 of 2006 "(6) Telecommunications operators shall submit to the National Revenue Authority a telecommunications royalty return as prescribed by the Commissioner- General of the National Revenue Authority".
"(7) The telecommunications royalty return referred to in subsection (6) and accompanying payment shall be due on or before 20 days after the end of the tax and accounting year of the telecommunications operator".

THE GOOD AND SERVICES TAX ACT, 2009 16.


Section 37 of the Goods and Services Tax Act 2009 is amended by inserting the following new subsection immediately after sub-section (4) Amendment of section 37 of Act No 7 of 2009 "(5) A taxable person shall be describe as a non-filer of Goods and Services Tax (GST) return if a return is not filed after the end of the month following the taxable period for which a penalty of Le 5,000,000 shall be imposed for each return not filed on the due date".

17.
17.

The Second Schedule to the Goods and Services Tax Act 2009 is amended by repealing and replacing paragraph (16) with the following new paragraph - Amendment of schedule to Act No 7 of 20 09 EXEMPT SUPPLIES 16:"Supply: local agricultural produce for manufacturing Description: supply of following local agricultural produce to local industries for exclusively local manufacturing" 12 No.

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2 Finance Act 2019 45 (a) (b) (c) rubber, palm oil, coffee, cashew and similar cash and crops; tubers such as cassava, potato and yam fruits of all kinds such as pineapples, bananas and plantains (d) others, such as sorghun, cotton, beans, groundnuts, sesame seeds and vegetables".

THE ROAD MAINTENANCE FUND ADMINISTRATION ACT 2010 Amendment of section 3 of Act No 3 of 20 10 18.
Section 3 of the Road Maintenance Fund Administration Act 2010 is amended in subsection (1) by inserting the following new paragraph immediately after paragraph (g) "(h) the Financial Secretary or his representative."

\ CUSTOMS ACT, 2011 19.
Section 11 of the Customs Act, 2011 is amended by repealing and replacing that section with the following new section - Amendment of section 11 of Act No 9 of 2011 Goods declaration and custom release 11 (1) No goods shall be released from customs control until - (a) the importer, exporter or agent acting on behalf of an importer or exporter has lodged a customs goods declaration pertaining to the goods by giving, sending or transmitting electronically such declaration to a customs officer in the form and manner prescribed and all duties and taxes payable thereon, if any have been paid; (b) the importer or exporter has made prior arrangements to post security in accordance with section 27 and lodge a goods de-claration and pay all duties and taxes if any on the goods, subsequent release from customs control in the form and manner prescribed ;and Guard Bars (single) Guard Bars (double) Coal Pot (single) Coal Pot (double) Bill Board Water Tank Tower Bolt (per dozen) Hinges (per pair) PLANT YARD SECTION Repairs to the following: One (1) Cylinder Generator Two (2) cylinder generators Two (2) Cylinder Compressors Four (4 Cylinder Compressors Welding Plants Heavy Duty Water Pumps other Heavy Duty Earthwork 50,000 100,000 30,000 50,000 400,000 300,000 25,000 15,000 RATES 50,000 80,000 80,000 150,000 100,000 Machines & Equipment 300,000 44 No.
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2 Finance Act 2019 13 Drilling of saddle Cog works Bearing Works CALIBRATING SHOP INJECTOR PUMP CALIBRATION Testing Fees Manual Electrical Testing of Nozzle (each) Testing of Metal (per journal) Repairs to water Pump Threading of pieces 40,000 30,000 20,000 RATES 50,000 100,000 20,000 20,000 20,000 30,000 20,000 BLACKSMITH AND WELDING SHOP RATES Manufacturing of Steel doors: Single Double Manufacturing of Steel windows: Single Double Meter guide Manufacturing of the following: Railings (12 feet in (length) Railings (6 feet in (length) 140,000 200,000 RATES 100,000 140,000 30,000 RATES 140,000 60,000 (c) if the importation or exportation of the goods is subject to restriction, until the conditions pertaining to the restriction have been satisfied.
(2) The goods declaration provided for in subsection (1) shall be sent given or transmitted electronically to the designated customs office in the English language and in the form and manner prescribed by a statutory instrument (3) A goods declaration may be lodged orally to an officer by passengers and travellers arriving in or departing Sierra Leone.
(4) Imported or exported goods may be released from customs control (a) (b) prior to their arrival in or departure from Sierra Leone ; upon their arrival in or departure from Sierra Leone .
(5) The goods declaration shall be the legal undertaking by the importer or exporter which shall indicate the customs procedure to be applied to the goods and shall furnish the particulars regarding the goods required by an officer for the application of the procedure and the importer or exporter shall provide customs with all the mandatory customs clearing documents relating to the goods (6) A goods declaration shall be lodged under this section when goods are for - (a) (b) (c) use in Sierra Leone ;if so eligible; re-importation n; exportation; 14 No.
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2 Finance Act 2019 43 (d) (e) (f) (g) transit or transshipment; warehousing or duty free shops; inward processing; or temporary admission in Sierra Leone with the declared intention by the importer of subsequent re- exportation.

(7) The person lodging a goods declaration under this section shall , when lodging it, answer all questions relating to the goods as may be put to him by an officer.
(8) Mandatory customs clearing documents referred to in subsection (5) mean - (a) (b) (c) (d) (e) (f) (g) (h) (i) commercial invoice; packing list; classification and valuation certificate ; bill of lading ; delivery order; bank payment receipt; permit clearance approval (where applicable fumigation and health certificate (where applicable; ) any other document prescribed by the Commissioner-General to be a mandatory customs clearing document.
(9) Mandatory customs clearing documents shall be submitted or transmitted electronically (10) Total or partial exclusion as the case may be from payment of import duties and taxes shall be granted in respect of goods damaged , destroyed or irrecoverably lost by accident or force majeure during the accomplishment of the customs formalities prior to the judgment of the goods declaration under this section , if the facts are duly established to the satisfaction of an officer.
PANEL BEATING WORKSHOP RATES Paneling of:- Cars Vans Lorries Fixing of Doors Glasses MACHINE SHOP Threading of bores and Dicing of studs Cutting of Adaptors: Manual Electrical Cutting of Cylinder Head Cutting of Hinges (per pair) Valve Seat Drilling of Pieces for: Vehicles Others Changing of Engine Sleeve (per Sleeve) Pressing and replacement of Bush arms (per arm) Cutting of bushing for starter, steering Rack etc 60,000 80,000 100,000 40,000 20,000 RATES 20,000 30,000 50,000 20,000 20,000 RATES 40,000 30,000 20,000 -00 20,000 -00 40,000 42 No.
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2 Finance Act 2019 1515 C. JOB ASSESSMENT OF THE CENTRAL MECHANICAL WORKSHOP Servicing of Engines Cars Vans Lorries Brake Work Clutch Work RATES 60,000 80,000 120,000 30,000 30,000 Gear Dropping PROPOSED RATES Cars Vans Lorries Others including Carburettors, Steering Box and all minor repairs Changing Oil 50,000 60,000 80,000 31,250 25,000 AUTO ELECTRICAL WORKSHOP RATES Re-wiring of vehicles Repairs of alternators Repairs of starter motors Charging of batteries Others including Horns, wipers, Head Lights, Traficant Lights, Park Lights Automatic doors and all minor repairs 30,000 20,000 20,000 10,000 -00 -00 12,500 (11) At the request of the importer, remnants of goods referred to under subsection (10) may be - (a) (b) (c) (d) declared for use in Sierra Leone as if they had been imported in that state; re-exported; rendered commercially valueless under customs control without expense to customs; or abandoned free of all expenses or obligations to Customs (12) The exportation of goods shall not be delayed on the grounds that the goods declaration is incomplete or minor irregularities are found in mandatory customs clearing documents if customs control or any export prohibition or restrictions in force are not compromised.
(13) The Commissioner-General may prescribe the classes of goods which and the persons who are exempted from the requirements under this section to lodge a goods declaration for the importation or exportation of goods.
(14) While not responsible for the accuracy of a goods declaration under this Act, postal authorities in Sierra Leone shall verify that declarations on postal items are , where appropriate present and as far as possible take steps to ensure that they are correctly and fully completed but where a goods declaration for exportation is obviously incomplete, postal authorities shall draw the attention of senders to the relevant customs obligations and may refuse to accept the postal items in question.

16 No.
16 No.

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2 Finance Act 2019 41 (15) When a postal consignment consists of a number of items, particularly in the case of commercial consignments, postal authorities shall advise the sender of the practical need to attach separate documents to each item.
(16) The exportation of goods in postal items shall be allowed regardless of whether they are in free circulation in Sierra Leone or are under a customs procedure such as warehousing or temporary admission but when they are under a customs procedure all the formalities prescribed for that procedure shall be complied with.
(17) The Commissioner-General may prescribe regulations concerning the postal items which shall be produced to an officer at exportation for the purposes of customs control and in the prescribed circumstances, the goods declaration under subsection (1) shall be lodged at a custom office in the prescribed form and contain the prescribed information in accordance with regulations under this Act.
(18) The Commissioner-General may maintain a register of importers and issue a numeric or alpha-numeric code to any importer for the purpose of identifying such importer where a written goods declaration is required under this section .

(19) In such circumstances as may be prescribed, mail may be released prior to lodgment of the goods declaration required under subsection (1) and prior to the payment of duties and taxes thereon.
(20) Where mail is released under subsection (19) the importer or consignee of the mail shall within fourteen days lodge a goods declaration for the mail in the manner described in section 12” SECOND SCHEDULE (SECTION 39) 1.

MINISTRY OF WORKS AND PUBLIC ASSETS Local Foreign A.
REGISTRATION OF CONTRACTORS Premier Class, 6,000,000 9,000,000 Works Categories A,B,C,D Financial Class I, 3,000,000 4,500,000 Works Categories A,B,C,D Financial Class II, 1,800,000 2,700,000 Work Categories C & D Financial Class III, 1,200,000 1,800,000 Works Categories C & D Financial Class IV, 900,000 1,350,000 Works Categories C & D B.

RENT OF MIATTA CONFERENCE HALL Miatta conference Hall 6,000,000 40 No.

2 Finance Act 2019 No.


2 Finance Act 2019 17 Porsche Porsche Porsche Porsche Porsche Porsche Porsche Porsche Carrera GT Convertible Panamera Turbo 4DR AWD Panamera Turbo S 4DR AWD Panamera Turbo S EHybrid 4DR AWD Panamera Turbo Sport Turismo 5DR AWD RUF CTR RUF TURBO R Cayenne Turbo S 4DR AWD Rolls Royce Dawn Convertible Rolls Royce Ghost 4DR Rolls Royce Phantom 2DR Rolls Royce Phantom 4DR Rolls Royce Phantom Drophead Convertible Rolls Royce Wraith 2DR Saleen Spyker Tesla Tesla Tesla Tesla S7 (U.S.
IMPORT) C8 Models (Left Hand Drive) Model S P90D 4DR AWD Model X P100D 4DR AWD Model X P90D 4DR AWD Model S P100D 4DR AWD 20.
Section 26 of the Customs Act 2011 is amended by repealing and replacing that section with the following new section - ````` pa yment and recovery of duty and other levies 26 (1) An importer may aggregate import duties and taxes owed on more than one consignment and may lodge a goods declaration on a periodic basis for all consignments in that period provided that sufficient amount is prepaid for the period in question or security is posted as prescribed by statutory instrument under section 27; Amendment of section 26 of Act No 9 of 2011 (2) An importer may prepay import duties and taxes owed on any import consignment prior to arrival of the goods in Sierra Leone in order to expedite the subsequent release of the goods from customs control (3) Customs clearing agents may aggregate import duties and taxes owed under more than one person's account and instead of paying duties and taxes at the time of lodgment of a goods declaration may account for and pay those duties on or before closing time for the receipt for funds at the designated customs office or into the centralized customs account on the day the goods were so declared as prescribed in the regulation .
(4) All payments of duties , taxes and other levies exceeding Le500,000 by importers, exporters, customs clearing agents and other persons shall be made- (a) (b) (c) (d) electronically; by bank cheque debit card or credit card at a designated Commercial Bank in Freetown or elsewhere in Sierra Leone; or at any Customs office prescribed by the Commissioner-General 18 No.

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2 Finance Act 2019 39 (5) The first installment of payment referred to under subsection (4) shall not be less than 40% of the aggregate duties , taxes and other payment owed.

(6) Upon written application by a tax-payer, the Commissioner-General may enter into a time-to- pay agreement specifying installment payment in respect of any duties, taxes and levies.
(7) The Commissioner-General may recover any duty, interest or penalty imposed under this Act by exercising the enforcement powers of the Commissioner under the Income Tax Act, 2000 (8) Any amount of duty interest or penalty payable under this Act shall when it becomes due or is payable, be a debt due to the State and shall be recoverable by the Commissioner-General in the following manner - (a) if any person fails to pay any duty, interest or penalty payable when it becomes due or payable and notice was duly given to such person the Commissioner- General may (i) subject to any goods imported or reported for exportation on behalf of that person to a lien for the amount payable and detain those goods at the expense of that person until such amount is paid; (ii) on giving thirty days notice by registered mail or by electronic transmission to that person, direct that any Mercedes-Benz G55 5DR AWD Mercedes-Benz G65 4DR AWD Osca Pagani Porsche Porsche Porsche Porsche Porsche Porsche Porsche Porsche Porsche Porsche Porsche Porsche Porsche Porsche MT4 Huayra 911 Carrera 4 GTS Cabriolet AWD 911 GT2 2DR Coupe 911 GT2 RS 2DR Coupe 911 GT3 2DR Coupe 911 GT3 RS 2DR Coupe 911 GT3 RS 4.0 2DR Coupe 911 Speedster Tiptronic 911 Targa 4 GTS 2DR AWD 911 Turbo 2DR Coupe AWD 911 Turbo Cabriolet AWD 911 Turbo S 2DR Coupe AWD 911 Turbo S Cabriolet AWD 911 R 2DR Coupe 918 38 No.
2 Finance Act 2019 No.
2 Finance Act 2019 19 Mercedes-Benz S63 4DR Mercedes-Benz S63 4Matic 2DR Coupe Mercedes-Benz S63 4Matic 4DR Mercedes-Benz S63 4Matic Convertible Mercedes-Benz S65 2DR Coupe Mercedes-Benz S65 4DR Mercedes-Benz S65 Convertible Mercedes-Benz SL600R Convertible Mercedes-Benz SL63 Convertible Mercedes-Benz SL65 Convertible Mercedes-Benz SLR McLaren 2DR Mercedes-Benz SLR McLaren 722 2DR Mercedes-Benz SLR McLaren Convertible Mercedes-Benz SLS 2DR Mercedes-Benz SLS Convertible Mercedes-Benz SLS GT 2DR Mercedes-Benz SLS GT Convertible goods imported or reported for expotation by or on behalf of that person which have been detained under paragraph (i) or have been otherwise abandoned, seized or confiscated pursuant to this Act or any other applica- ble Act, be sold by public auction or public tender subject to such regulations as may be prescribed;or (iii) file with the Clerk or Registrar of the High Court a statement certified by him as correct and setting forth the amount due or payable by that person and such state- ment shall have all effects and any proceedings may be taken as if it were a civil judgment lawfully given in that court in favour of the Commissioner- General for a liquid debt of the amount specified the state- ment the Commissioner-General may by notice in writing addressed to the Registrar of the High Court withdraw the statement referred to in sub-paragraph (iii) of paragraph (a) of this section and such statement shall cease to have any effect (b) provided that the Commissioner-General may institute proceedings afresh under that paragraph in respect of any duty, interest or penalty referred to in the withdrawn statement; 20 No.
2 Finance Act 2019 No.
2 Finance Act 2019 37 (c) where the Commissioner-General directs that the sale of any abandoned, seized, forfeited or confiscated goods by auction under this Act and the regulations - (i) (ii) (iii) (iv) (v) the goods shall be sold by auction or by tender after such public notice as is prescribed or in the absence of such prescrp- tion after reasonable public notice; the goods may be sold free or subject to duty and charges the purchase certified cheque or by electronic transfer on the accep- tance of a bid or tender ; no bid or tender need be accepted ; and the goods may be re- offered until sold at a price satisfactory to the Commission-General (d) proceeds of any goods sold by the Commissioner-General by auction shall be applied - (i) (ii) firstly in the payment of the expenses of the sale ; secondly, in payment of any duty and tax payable; McLaren McLaren McLaren McLaren 720S 2DR Coupe MP4-12C 2DR Coupe MP4-12C Spider P1 Mercedes-Benz CL600 2DR Mercedes-Benz CL63 2DR Mercedes-Benz CL65 2DR Mercedes-Benz G550 Squared Mercedes-Benz G63 AMG 6X6 Pickup Mercedes-Benz G63 4DR AWD Mercedes-Benz GT C 2DR Coupe Mercedes-Benz GT C Roadster Mercedes-Benz GT R 2DR Coupe Mercedes-Benz GT S 2DR Coupe Mercedes-Benz S550 4matic 2dr Coupe Mercedes-Benz S550 Convertible Mercedes-Benz S560 4MATIC 2DR Coupe Mercedes-Benz S560 Convertible Mercedes-Benz S600 Maybach 4DR Mercedes-Benz S600V 4DR Mercedes-Benz S650 Maybach 4DR 36 No.
2 Finance Act 2019 No.
2 Finance Act 2019 21 Maserati Maserati Maserati Maserati Maserati Maserati Maserati Maserati Maserati Maybach Maybach Maybach Maybach McLaren McLaren McLaren McLaren McLaren McLaren McLaren McLaren Gran Turismo MC 2DR Gran Turismo MC Convertible Gran Turismo S 2DR Gran Turismo S Convertible Gran Turismo Sport 2DR Gran Turismo Sport Convertible Quattroporte GTS Granlusso 4DR Quattroporte GTS Gransport 4DR Quattroporte Sport GTS 4DR 57 4DR 57 S 4DR 62 4DR 62 S 4DR 540C 2DR Coupe 570GT 2DR Coupe 570S 2DR Coupe 570S Spider 650S 2DR Coupe 650S Spider 675LT 2DR Coupe 675LT Spider (iii) (iv) thirdly in payment of any warehouse rent and charges; and fourthly if written notice of the harbor dues, wharfage dues or freight has been given to the Commissioner-General in payment of any harbor dues, wharfage dues or freight due on the goods and the balance if any shall be paid into the Consolidated Fund.
(e) the Commissioner-General may institute proceedings for the sequestration of the estate of any person and shall for the purposes of such proceedings be deemed to be the creditor in respect of any duty, interest or penalty payable by such person under this Act (9) Notwithstanding anything contained in the National `Revenue Authority Act, 2002 pertaining to the Courts Act, 1965 a statement for any amount whatsoever may be filed under paragraph (a) of subsection (8) with the Clerk of the Magistrate's Court having jurisdiction in respect of the person by whom such amount is payable in accordance with the Act; (10) Where a person receives a repayment of duty by way of refund , remission or drawback to which that person is not entitled under this Act , the amount repaid shall immediately become a debt due to the State in accordance with subsection (3) 22 No.
2 Finance Act 2019 No.

2 Finance Act 2019 35 (11) Importers of petroleum products shall pay a minimum of 50% duty and taxes assessed upon submission of goods declaration to the Customs Department at the point of entry prior for warehousing THE ANTI-MONEY LAUNDERING AND COMBATING OF FINANCING OF TERRORISM ACT, 2012 Amendment of section 15 of Act No 2 of 2012 21.
Section 15 of the Anti-Money Laundering and Combating of Financing of Terrorism Act ,2012 is amended in subsection (6) by repealing and replacing paragraph (b) with the following new paragraph - Lamborghini Gallardo LP570 Performante Spyder AWD Lamborghini Gallardo LP570 Squadra Corse 2DR AWD Lamborghini Gallardo Spyder AWD Lamborghini Gallardo Superleggera 2DR AWD Lamborghini Huracan LP580 2DR AWD Lamborghini Huracan LP580-2 Spyder Lamborghini Huracan LP610 2DR AWD '(b)in the case of a body corporate to a fine of the Le87,000,000 or $10,000 or an order to revoke the license of the corporate body or organization' Lamborghini Huracan LP610 Spyder AWD Lamborghini Huracan LP640 Performance AWD FINANCE ACT, 2016 Lamborghini Murcielago LP640 2DR AWD A m e n d m e n t of section 37 of Act No.
6 of 20 16 22.

Section 37 of the Finance Act, 2016 is amended by repealing and replacing that section with the following new section- “ Ma nag- e m e n t a d n technical s e r v i c e fees 37.
(1)The withholding tax on management and technical fees shall be 20% of the value of such services (2) For the purposes of subsection (1), management and technical services mean providing a taxpayer with professional, managerial, scientific or engineering services.” advisory and other support Lamborghini Murcielago LP640 Roadstar AWD Lamborghini Murcielago LP670 Superveloce 2 DR AWD Lamborghini Murcielago Roadster AWD Lamborghini Reventon Land Rover Range Rover Autobio S/C LWB 4DR 4WD Land Rover Range Rover Autobio Supercharged 4DR 4WD THE FISCAL MANAGEMENT AND CONTROL ACT, 2017 Land Rover Range Rover SV Autobio S/C 4DR 4WD A m e n d m e n t of schedule to Act No.
9 of 20 17 23.

The Second Schedule to the Fiscal Management and Con- trol Act 2017 is amended by inserting the following new agencies immediately after paragraph (6)- Lexus Maserati LFA 2DR Gran Turismo Convertible 34 No.

2 Finance Act 2019 No.
2 Finance Act 2019 23 Ferrari Ford Jaguar Karma LaFerrari GT 2DR XJ220 (Left Hand Drive Import) REVERO 4DR Koenigsegg Agera Koenigsegg CCX (Import) Lamborghini Aventador 2DR AWD Lamborghini Aventador LP700 Roadster AWD Lamborghini Aventador LP730S 2DR AWD Lamborghini Aventador LP740S 2DR AWD Lamborghini Aventador LP750 Superveloce 2RD AWD Lamborghini Aventador LP750 Superveloce Roadster AWD Lamborghini Gallardo 2DR AWD Lamborghini Gallardo LP550 Spyder Lamborghini Gallardo LP550-2 2DR Lamborghini Gallardo LP560 2DR AWD Lamborghini Gallardo LP560 Spyder AWD Lamborghini Gallardo LP560-2 2DR NO.
7.

8.

9.

10.

11.

AGENCY Sierra Leone Roads Safety Authority Sierra Leone Standards Bureau National Civil Registration Authority Pharmacy Board Sierra Leone Civil Aviation Authority PART II-PROVISIONS RELATING TO EXPENDITURE NATIONAL COMMISSION FOR PRIVATISATION ACT, 2002 24.

Section 13 of the National Commission for Privatisation Act 2002 is amended in subsection (1) by repealing and replacing paragraph (b) with the following new paragraph- A m e n d m e n t of Section 13 of Act No.
12 of 2 002 “(b) representatives of Ministries or Government depart- ments who are members of a Board of a public enterprise shall cease their membership with the exception of the ministry responsible for finance which shall be represented on the Boards of Sierra Leone Commercial Bank Limited and Rokel Commercial Bank Limited by the financial secre- tary or his representative and the vacancies of the Board shall be filled in accordance with paragraph (a);’ THE PUBLIC PROCUREMENT ACT 2016 25.
Section 14 of the Public Procurement Act 2016 is amended- (a) in subsection (2) by repealing and replacing sub- (i) of paragraph(p) with the following new sub- paragraph- A m e n d m e n t of Section 14 of Act No.

1 of 20 06 of 2016.

(i) procurement review during the tender preparatory to the evaluation process where the value of the procurement is above one billion Leones; 24 No.

2 Finance Act 2019 No.

2 Finance Act 2019 33 (b) by deleting subsection (3) A m e n d m e n t of schedule to Act No.
1 of 2016.

26.

The First Schedule to the Public Procurement Act 2016 is amended by repealing and replacing paragraphs (2) (3)(4) and (5) with the following new paragraphs “2.

Request for Quotation shall be used when the estim- ated value of the procurement is as follows: (a) (b) (c) In the case of contracts for the procurement of goods, Le 100.00 million In the case of contracts for the procurement of works, Le 200.00 million In the case of contracts for the procurement of services, Le 100.00 million.
3.

National Competitive Bidding (N.C.B.)

shall be used when the estimated value of the procurement is as follows: (a) (b) (c) 4.

(a) (b) In the case of contracts for the procurement of goods, Le 100.00 million In the case of contracts for the procurement of works, Le 200.00 million In the case of contracts for the procurement of services, Le100.00 million International Competitive Bidding (I.C.B.)
shall be used when the estimated value of the procurement is as follows: In the case of contracts for the procurement of goods, Le 5.00 billion In the case of contracts for the procurement of works, Le 8.00 billion Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari Ferrari 488 Spider 575 Maranello F1 2DR 599 GTB Fiorano 2DR 599 GTO 2DR 612 Scaglietti 2DR 812 812 Superfast 2DR California Convertible California T Convertible Dino 246 (U.S.
Import) Enzo 2DR F12 Berlinetta 2DR F40 2DR F430 2DR F430 Scuderia 2DR F430 Scuderia Spider F430 Spider F50 Convertible FF 2DR Hatchback AWD GTC4 32 No.

2 Finance Act 2019 No.
2 Finance Act 2019 25 Bentley Bentley Bentley Bentley Bentley Bentley Continental GT SPEED 2DR AWD Continental GTC Convertible AWD Continental GTC Speed Convertible AWD Continental Supersports 2DR AWD Continental Supersports Convertible AWD Mulsanne 4DR Bentley truck/van Bentayga W12 4DR AWD BMW BMW BMW BMW BMW Bugatti Dodge Ferrari Ferrari Ferrari Ferrari 760Li 4DR Alpina B7 4DR AWD i8 2DR AWD M4 GTS M760Li xDrive All models Viper ACR 2DR 458 Italia 2DR 458 Italia Spider 458 Speciale 2DR 458 Speciale A Convertible Ferrari 488 GTB 2DR (c) In the case of contracts for the procurement of services, Le5.00 billion 5.
Expression of Interest for Selection of Consultants The solicitation of expression of interest is required when the estimated value of the consultants’ service is above Le 5.00 billion PART III-GENERAL PROVISIONS 27.

Eligible Government employees who receive salary advances shall not receive such salary advances in excess of 30% of their annual basic salary or in excess of their accrued end of service benefits at the time of the application for such salary advance.

Limitation on S a l a r y advances 28.


Monthly remuneration and sitting fees of Board Chairmen and members of Ministries , Department and Agencies, state-owned enterprises state-owned banks, extra-budgetary agencies, Treasury SingleAccount Agencies, sub-vented agencies and Commissions, in excess of Le500,000 per month or per sitting, shall be subject to the relevant sections of the Income Tax Act, 2000.

Imposition of taxes on Board 29.


Public servants and other employees of central government shall be entitled to end of service benefits on disengagement from Government services and the amount of such benefit shall be one month’s gross salary for every year served computed on the basis of the last paid salary.

Disengagement from the Pub- lic Service 30.
There shall be a National Monitoring and Evaluation Department within the ministry responsible for planning which shall be responsible for - (a) creating an effective national institutional frame- work to monitor and evaluate government and donor funded public sector projects as well as the National Development Plan; (b) leading monitoring and evaluation of all develop- ments programmes and projects including gover- Establishment of a National M o n i t o r i n g and Eva lua t- ion Depart- ment.

26 No.
26 No.

2 Finance Act 2019 No.

2 Finance Act 2019 31 nment and donor Parliament and the Office of the President on the other Development Plan (PRSP 4) using modern appropriate technology; of government and donor funded public sector projects; (g) conducting special studies on various aspects of public sector projects; and (h) establishing and maintaining a database on all completed and on-going projects.

Limitation on L e g i s l a t i v e changes.

31.


Notwithstanding this Act or any agreement, all Government Ministries, Department and Agencies, State-owned enterprises state-owned banks, extra-budgetary agencies, Treasury Single Account Agencies and National Social Security and Insurance Trust shall use theSierra Leone National Shipping Company for all clearing and forwarding services.

Limitation on Extraordinary waiver of GST 32.


(1)Notwithstanding any law, rates, fees and charges passed by Parliament before the commencement of this Act shall be deemed to have been passed under a Finance Act (2) Notwithstanding any law, rates fees and charges shall be made under the authority of a Finance Act.

Exem- Ta x ption 33.

No Goods and Services Tax (GST) waiver or exemption shall be granted unless provided for under the Goods and Services Tax Act 2009 34.
(1) Interest payable on any loan granted by a bank for the purposes of an agricultural investment shall be exempted from a withholding tax, provided that the rate of interest on the loan is not more than the base lending rate at the time the loan was obtained.
Aston Martin V12 Vantage S 2DR Aston Martin V12 Vantage S Roadster Aston Martin Vantage 2DR Aston Martin Vantage GT 2DR Aston Martin Vantage Roadster Aston Martin Vantage S 2DR Aston Martin Vantage S Roadster Aston Martin Virage 2DR Aston Martin Virage Volante Audi Audi Audi Audi Audi Audi Audi Bentley Bentley Bentley Bentley Bentley A8L W12 Quattro 4DR R8 5.2 Gt Quattro 2DR Coupe R8 5.2 Gt Quattro Spyder R8 5.2 Quattro 2DR Coupe R8 5.2 Quattro Spyder R8 Quattro 2DR Coupe R8 Quattro Spyder Azure Convertible Continental Flying Spur 4DR AWD Continental Flying Spur Speed 4DR AWD Continental GT 2DR AWD Continental GT S 2DR AWD 30 No.
2 Finance Act 2019 No.
2 Finance Act 2019 27 SCHEDULE "FIRST SCHEDULE SECTION 3 LUXURY VEHICLES Acura NSX hybrid 2DR AWD Alfa Romeo 8C Aston Martin DB9 2DR Coupe Aston Martin DB9 GT 2DR Coupe Aston Martin DB9 GT Volante Aston Martin DB9 Volante Aston Martin DB11 2DR Coupe Aston Martin DBS 2DR Coupe Aston Martin DBS Volante Aston Martin RAPIDE 4DR Aston Martin RAPIDE S 4DR Aston Martin V12 Vanquish 2DR COUPE Aston Martin V12 Vanquish S Volante Aston Martin V12 Vanquish Volante Aston Martin V12 Vanquish Zagato Aston Martin V12 Vantage 2DR (2) For the purpose of subsection (1), agricultural invest- ment shall be defined as any trade or business conn- ected with- (a) the establishment or management of plantations for the production of rubber, oil palm, coffee, cashew and similar cash crops; (b) the cultivation or production of cereal crops, tub- ers, fruits of all kinds, cotton, beans, groundnuts, sesame seeds, vegetables, pineapples, bananas and plantains; and (c) animal husbandry, to include poultry, piggery, cattle rearing, and fish farming.
35.

Interest on any loan granted as working capital by a bank to any legally registered company engaged in the manufacturing sector and for the sole use of such business shall be exempted from withholding tax, provided.- Ta x Exem- ption relating to Interest on Loa ns.

(a) the rate of interest on the loan is not more than the base lending rate at the time the loan was granted.

; (b) the beneficiary company of the loan is using at least 40 % of locally produced materials for its manufacturing 36.
Interest accruing from loans granted by banks to aid export activities shall be exempted from withholding tax as follows- on Interest Loan for Export Prom- ot io n. Loan Period % of Tax exemption allowed i. ii.

iii.

iv.

Less than two years 2 – 5 years 5 – 7 years Above 7 years Nil 50 60 100 28 No.

2 Finance Act 2019 No.

2 Finance Act 2019 29 Fees, rates and charges for MDAs.

38.
38.

Fees, rates and charges for outlined services relating to- (a) the ministry responsible for works and public assets; (b) Standards Bureau; (c) ministry responsible for labour and social security; (d) Office of the Registrar and Administrator-General; (e) National Civil Registration Authority ; shall be as set out in the Second Schedule 39.
Notwithstanding any other law or agreement, Government Ministries , Departments and Agencies , state–owned enterprises state-owned banks, extra-budgetary agencies, Treasury Single Account Agencies and the National Social Security and Insurance Trust shall use the Government Printing Department for all printing, publication and associated services.

G o v e r n m e n t Printing Dep- a rtment.

Excise Stamps and other markings.

37.


(1) An excise stamp shall be affixed on all excisable goods for which from time to time the Minister responsible for finance may specify by statutory instrument - (a) the excisable goods to which excise stamps shall be affixed; (b) the systems for management of excise stamps and excisable goods, and services ; (c) the place and time of affixing excise stamps.
(2) For the purpose of subsection (1), the Commissioner- General of the National Revenue Authority shall, by noticein the Gazette and in at least two newspapers of national circulation, specify the types and descrip- tions of excise stamps to be affixed on goods specified under subsection (1) (3) If excisable goods are manufactured for export, or for delivery, the goods shall be marked with such inscrip- tions as the Commissioner-General may specify to facilitate the tracking and tracing of the goods.
(4) A person shall not remove excisable goods specified in subsection (1) from the place designated for affixing stamps unless the goods have been affixed with stamps in accordance with a statutory instrument.

(5) Notwithstanding subsection (4), the Commissioner- General may in exceptional circumstances, and with prior approval of the Minister, allow removal of excisa- ble goods from excise control without affixing excise stamps on the goods.