Sierra Leone

Sierra Leone - Mixed (English and Customary law)
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Sierra Leone taxes

If you want to do business in Sierra Leone, this article explains the tax laws for a LLC which is the most common legal entity in Sierra Leone.

Uganda taxes corporate income on a worldwide basis. The prevailing approximate tax rate for offshore income, from our research, and your results may vary, is 30%. Sierra Leone doesn't have major incentives to remit income accrued abroad. Standard rate of taxation on a LLC entity is 30%. This ranks Sierra Leone as 139th when compared to CIT globally.

The value added tax (VAT) rate is 15%, which ranks Sierra Leone as 80th when compared to VAT taxation rate internationally. In terms of other taxation, an employer will contribute 10% to the equivalent of a social security fund and an employee will contribute 5%.

Thin capitalisation standards are not in effect. Thin capitalisation refers to any sort of laws on a business and the debt-to-asset ratios. Dividends received are included to corporate income tax base. Dividends are a distribution of a portion of a company earnings, voted by the board of directors, to a particular class of shareholders. Dividends can be either cash payments, shares of stock, or other property. Capital Gains are usually subject to Corporate Income Tax. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.

The interest withholding tax rate is estimated at 15%. This means that the relevant tax authorities expects relevant legal entities to automatically withhold 15% of interest payments to non-residents. The dividends withholding tax rate is 10%. Which means that the tax authorities expects legal entities to withhold 10% of payments abroad on dividends. The royalties withholding tax rate is 25%. Which means that the taxman expects companies to withhold 25% of payments on royalties to non-residents.
There is no tax on wealth in Sierra Leone. There are real property and transfer taxes. There are no known inheritance taxes. We are aware of widely used R&D initiatives that provide tax relief in this country.

The above is not tax or legal advice for your company's circumstances. We are able to help you to find a lawyer in Sierra Leone who can properly advise you. Want to work together? Click incorporate now if you are in a hurry, or press the free consultation button above.

It takes approximately 343 hours to file and prepare documents for a Sierra Leone Mixed (English and Customary law).
The corporate tax is approximately 30% which is 139 in the world.

Owners of a company in Sierra Leone are not allowed to carry back a loss and may be allowed to carry forward a loss for 100 years.

The vat rate in Sierra Leone is 15% which ranks 80 in the world.

Patent box
RND credit
Wealth tax
Estate tax
Transfer taxes
Asset taxes
Capital duties
0Tax treaties
30%Offshore Tax
30%Corp rate
-Loss carryback years
343Corporate time
15%VAT rate
30%Capital gains
NoAEOI planned

Read this to learn about incorporating a company in
Sierra Leone

We can help you form a company in Sierra Leone. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Sierra Leone, which is required by law.

Sierra Leone Tax Treaties

CountryTypeDate signed

Country Info

National Flag of
Republic of Sierra Leone (eng)
Area Code
Western Africa
Native Languages