Pay As You Earn (PAYE) Tax is tax paid by employees of organisations. The PAYE Tax calculation for residents for tax purposes is determined by rates specified by the First Schedule of the Income Tax Act 2000 as amended, with a maximum rate of 30%. Employers are obligated to withhold the PAYE Tax and pay to the National Revenue Authority by the 15th of the month following the month for which the tax was deducted.
Other Income
Allowances
Deductions
PAYE TAX
NLe 0.00
NASSIT Employee
NLe 0.00
NASSIT Employer
NLe 0.00
Total NASSIT
NLe 0.00
Other Taxes
NLe 0.00
Take Home
NLe 0.00
Personal Income Tax (PIT) is an annual tax paid by individuals/sole proprietors in Sierra Leone on their personal income. The PIT calculation for tax purposes is determined by rates specified by the First Schedule of the Income Tax Act 2000 as amended, with a maximum rate of 30%. Idividuals are required to pay to the National Revenue Authority by not later than 120 days after the end of the year under review.
Income
Chargeable Income
NLe 0.00
PIT
NLe 0.00
Income After Tax
NLe 0.00
With Holding Tax (WHT) is a tax that is leaved on the value contracts offered in Sierra Leone inline with (section and tax law). For National contractors, it is 5% of the contract value and 0.5% as contribution to the free health care whilest for foriegn contractors, it is 10% of the contract value plus 0.5% as as contribution to the free health care.
Tax
NLe 0.00
Health Care Contribution
NLe 0.00
Contract Value After Tax
NLe 0.00
Goods and Services Tax (GST) is a tax that is leaved on goods sold or services offered in Sierra Leone inline with the Goods and Services Act 2015.
Taxable Purchases & Expenses Excluding GST
GST on Sales (output tax)
NLe 0.00
GST on Local Purchase
NLe 0.00
GST on Imports
NLe 0.00
Input GST (Allowable Deduction)
NLe 0.00
Net GST to be paid to NRA or credit due
NLe 0.00
Rental Income Tax (RIT) is a tax that is leaved on income made from propety rentals in Sierra Leone according to Rental Tax Law 2017.