Sierra Leone Corporate Taxation • NRA Income Tax Act

Sierra Leone Corporate Tax & WHT Calculator 🇸🇱

Compute Corporate Income Tax (CIT), 4 quarterly NRA instalments, alternative turnover minimum tax, and statutory withholding tax deductions in New Leones (SLE).

SLE

Total commercial turnover before deductions

SLE

Gross income less deductible business expenses

Finance Act statutory corporate income tax brackets

NRA floors corporate tax liability at turnover percentage

SLE

Contract value to evaluate withholding tax obligations

Withholding tax withheld at source and remitted to NRA

Corporate Tax Liability Summary

Final Corporate Tax Due SLE 0.00 SLL 0
Quarterly NRA Instalment SLE 0.00 / qtr 4 equal payments (Q1-Q4)
Sample WHT Deduction SLE 0.00 Net supplier: SLE 0.00
Standard CIT Calculation (Profit × Rate): SLE 0.00
Alternative Minimum Turnover Tax Floor: SLE 0.00
Applicable Tax Regime: Standard Corporate Rate (25%)
Quarterly Advance Tax Payment (End Mar/Jun/Sep/Dec): SLE 0.00
Net Retained Profit After Corporate Tax: SLE 0.00

Sierra Leone Corporate Taxation Rules (NRA Income Tax Act 2000)

Corporate Tax & Turnover Minimum

  • Resident corporations pay a standard CIT rate of 25% on taxable profits (30% for telecoms and mining companies).
  • If a company reports a net operating loss or very low profit, a minimum turnover tax of 1.0% (or 2.0%) of total annual turnover applies as a mandatory floor.

Advance Instalments & WHT

  • Companies must pay corporate income tax in 4 quarterly instalments due on the 21st day following each quarter.
  • Businesses are legally required to withhold tax at source from suppliers (5.5% contracts, 10% rent/professional services) and remit directly to the NRA.

📊 National Revenue Authority (NRA) & NASSIT Statutory Matrix

Statutory Component / Legal Deduction Item Calculated Amount (SLE)
Primary Net / Statutory Payable Amount NLe 0.00
MS

Engr. Muhammad Shahzad

Principal Financial Systems Architect & Sierra Leone National Revenue Authority (NRA) & NASSIT Lead Architect

Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.

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