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The Extractive Industries Revenue Act, no. 2 of 2018.

Country/Territory
Sierra Leone
Document type
Legislation
Date
2018
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Exploration Minerals Mining Natural gas Oil Royalties/fees Tax/levy
Geographical area
Africa, Least Developed Countries, North Atlantic, Western Africa
Abstract

This Act, consisting of 54 articles, provides for coordinating various taxes and charges on extractive industries, the regulation of fiscal aspects of extractive industry agreements and for other related matters and concerns petroleum operations, mining licence, mining area, revenue. Concerning mines and minerals, matters covered by this Act include: royalties to be paid by a holder of mineral right for minerals obtained; income tax; separate mineral operations; income and deduction from mineral operations, including expenditure on waste removal. Concerning petroleum, matters covered by this Act include: royalties imposed for crude oil and for natural gas; separate petroleum operations; income and deductions from petroleum operations; petroleum resource rent tax; extractive industry agreements; amendment of the Mines and Minerals Acts, No. 12 of 2009.

Full text
English
Website
www.nra.gov.sl

References - Legislation

Amends

Mines and Minerals Act, 2009 (No. 12 of 2009).

Legislation | Sierra Leone | 2009

Keyword: Lease, Access right, Expropriation, Basic legislation, Mining, Exploration, EIA, Soil pollution/quality, Soil rehabilitation, Authorization/permit, Sustainable use, Water abstraction

Source: FAO, FAOLEX