New Fiscal Measures Target Imports and Vehicle Owners in Sierra Leone
The newly enacted Finance Act has introduced a series of new customs and excise duties on selected imported goods, reinforcing government efforts to boost domestic revenue mobilisation and reduce reliance on imports.
Under the new provisions, a 35 percent customs duty has been imposed on several imported food and consumer items, including tomato ketchup, eggs, tomato paste, and seasoning cubes (commonly known as Maggi). Authorities say the move is intended not only to increase revenue but also to promote local production, stimulate agro-processing, and encourage value addition within the domestic economy.
Economists note that while the measures may place short-term pressure on importers and consumers through higher retail prices, they could also create opportunities for local producers to expand market share if production capacity and quality standards improve.
In addition to the import duties, the Act introduces a Le500 annual vehicle circulation permit levy for cars, including trucks. The new charge will be applied during the annual renewal of vehicle documentation and is expected to contribute to road maintenance financing and broader public expenditure needs.
The latest tax adjustments form part of wider fiscal reforms aimed at strengthening domestic revenue generation, narrowing the budget deficit, and enhancing the government’s capacity to fund critical national development priorities.
