PRESS RELEASE

Freetown, Monday 9th May, 2022.

The National Revenue Authority wishes to inform the public that the legal structures for the export of timber and timber related products are enshrined in Section 5 of the Finance Act 2021. The Authority therefore wishes to state that all Timber trade across the different Border Crossing Points is expected to adhere to the provisions stated in the 2021 Finance Act. Exporters of Timber Log, Timber and Timber products shall pay the sum of $3,000 per 33.2 Cubic Metres before exporting timber log, timber and timber products excluding furniture, edge glue boards, plywood, and wooden transmission pole. Furthermore, under the current arrangement, all trailer vehicles loaded with timber, using all official Border Crossing Points including land borders will with immediate effect be charged the sum of $ 3,000 per Truck equivalent to 20ft Container and the sum of $6000 for a Trailer equivalent to a 40ft Container. Any Company, Business, or person(s)who attempt to export timber out of Sierra Leone by either land or sea without necessary recourse to the provisions of Section 5 of the Finance Act of 2021, commits an offence of tax evasion which is punishable under the tax laws of Sierra Leone. Public Affairs and

 

Tax Education Unit National Revenue Authority

Rensis House 5 Gloucester Street, Freetown

www.nra.gov.sl Call Centre 839 Orange/Africell