Sierra Leone 10 October 2023 – The National Revenue Authority (NRA) has released a statement outlining updated procedures for contractors applying for duty waivers.
These changes, outlined in accordance with the Tax and Duty Exemption Act of 2023, aim to streamline the application process and ensure efficient processing of duty concessions at border crossing points.
Under the new guidelines, institutions, companies, and contractors seeking duty waivers must adhere to the following requirements:
- Detailed Contract Submission: All applicants are required to submit a comprehensive contract document as part of their duty waiver application. This step is essential to expedite the processing of duty concessions by the NRA.
- List of Contractors: Companies must provide a list of contractors or nominated contractors as part of their application documents. This information will be considered in the evaluation of duty waiver requests.
- Bill of Lading Attachment: All duty waiver applications must include the bill of lading as part of the submitted documents. This inclusion is crucial for the NRA’s assessment of duty waiver considerations.
It is important to note that, with the exception of those covered by the Vienna Convention, the NRA has expressed concerns about the high volume of duty waiver applications. To ensure a smoother and faster process, all applicants are strongly advised to comply with these updated requirements promptly.
The Commissioner General of the National Revenue Authority emphasizes the importance of adhering to these guidelines for a more efficient duty waiver application process.
These measures aim to benefit both applicants and the authority by reducing processing times and ensuring transparency in duty concession evaluations.
