Binta Akibo-Betts

Vital provisions in the Finance Bill 2024 are: 1. Introduction of 5% Import Duty on Rice. 2. Minimum Alternate Tax (MAT) rate reduced from 3% to 2% and other adjustments to its applicability. 3. Income derived from digital products and services by companies such as Google, Meta and Amazon from consumers in Sierra Leone is taxable in Sierra Leone. 4. Adjustments in multiple Withholding Tax rates on Dividends, Management & Professional Fees, Rent and Lottery Winnings to 15%. 5. 1% Education Levy introduced. 6. Harmonisation of Excise Duty rates for domestic and import sectors. 7. Introduction of Excise Duty on petroleum and plastic products.

Other provisions in the Finance Bill are: 1. Introduction of Excise Duty of 5% for gambling, betting and lottery. 2. Stamp Duty is adjusted with multiple rates for property and other transactions. 3. Goods and Services Tax registration threshold increased from SLE 100,000 to SLE 500,000. 4. Re-introduction of GST exemption for plant and machinery for agriculture, manufacturing, mining and petroleum sectors. 5. Introduction of Duty exemption for plant and machinery for some elements of the manufacturing sector. 6. Demurrage days adjusted from weekdays to official working days.

On 9th November 2023, Parliament passed the Finance Act 2024. The Act is pending Presidential Assent. However, The Betts Firm has prepared a detailed overview of the new provisions in the Finance Act 2024,   Click the link to download - thebettsfirmsl.com/publications   #TheBettsFirm #FinanceAct2024 #TaxPolicy #TaxAdministration #TaxAdvisoryServices

Please see additional information on The Betts Firm Consult’s services and contact details.

The Betts Firm Consult (TBF Consult), a newly established subsidiary of The Betts Firm (TBF), is a business development company. Our aim is to provide first-class services, supporting our clients in improving their businesses and maximizing impact. We aim to serve a wide range of clients in both the private & public sectors, including support to the improvement of the business environment. To enhance our services, we will also collaborate with other stakeholders in implementing activities. Our services include: 1. Business, Investment & Financial Advisory 2. Project Delivery 3. Corporate Events Management 4. Business Facilitation & Policy Advocacy Using our team’s expertise, research, innovative approaches, and observing business environment trends, we are committed to adapting our services to our clients’ needs for greater impact and efficiency. Our Managing Director, Binta Akibo-Betts, a private sector development expert is also a Co-Founder and Director of The Betts Firm.

@SimmeringChef You tagged the wrong Binta. 😊 @Fulanichef is in the article. She is a Sierra Leonean residing in Ghana.

@AfricanBackpker Wetin Binta do u?

@MGM_BLVCK Na now a reach ya… never a Binta… see us as Bintas as we are sweet n nice?

@BintaBetts any word on this? 👀

@ramblin_intelct Ya na wan pala bo. We dae ya gbet tae den fix we WhatsApp & IG

All my #salonetwitter people who been here before the crash let us gather.

@BelozEsq @Facebook @WhatsApp @instagram U just get worwor talk.

What if @Facebook @WhatsApp and @instagram never come back? I’m suddenly reminded of how we moved on from hi5, Hotmail Messenger, MySpace and Blackberry Messenger.

Did you know this about @kibobofred? Here are 10 questions answered by our CEO and founder, Alfred Akibo-Betts #tbf #TheBettsFirm #salonetwitter youtu.be/3LklZk70rRw

So proud of our baby girl 👑👸🏾 sustainabilityexchange2021.com. #ReppingTheFlag 🇸🇱

On @yakisawyerr 3 yr anniversary as Mayor of Freetown, Gisele & Chuchu visited City Hall and also met with Rosetta Wilson, the Revenue Mobilisation Lead at the Mayor's Delivery Unit Last stop was to see her Grandpa's pic in the auditorium #GirlPower #Heritage #TransformFreetown

Dr Jones also mentioned collaboration with the private sector on Finance Act 2021 and government's commitment to continue working with businesses on fiscal policy reforms that will improve private sector development #5Nexus2021 @ATAFtax @LoganWort @BaineM2

Dr Yakama Jones @yakamajones representing Sierra Leone's Minister of Finance informs the dialogue about Sierra Leone's measures to maximize revenue during COVID-19, including working with the private sector in building trust #5Nexus2021 @LoganPaul @ATAFtax @BaineM2

@CAF_Online @isha_johansen Sierra Leone's @ishajohansen2 elected to the new powerful @FIFAcom decision body #FifaCouncil #MaindecisionMakingBody

First in NPSE, listen to Gisele Akibo-Betts read chapter 3 of Devils Of Serra Lyoa. Such an eloquent, graceful lady. I am honored. Thank you Gisele! @kibobofred order DOSL amazon.co.uk/dp/B08VVJWX2G #youngreaders #writers #author

It is an honor to be featured on a globally recognized platform such as the ACCA. I recognized the need for our services, and has seen the positive impact of our work not only to our clients but the broader national business climate. abmagazine.accaglobal.com/global/article…

Congratulations to Justice Miatta Maria Samba elected as a judge of @IntlCrimCourt. Well done #SierraLeone #SaloneTwitter

Ndeye-Fatu Koroma our MCC CEO, making us proud! Real boss lady moves! 💃🏾Congrats to you, the team and the government for this!!! Keep soaring & staying blessed my Kabala sister🙏🏾 I love my tribe.... women excelling and contributing to development. #womenleadership #kabalatiti