By Mariama Bundu
The National Revenue Authority (NRA) participated in a Breakfast Learning session organized by the Human Capital Institute Sierra Leone, attended by over 30 Human Resource professionals.
The session aimed to educate employers on the Finance Act 2026 and improve compliance with Pay As You Earn (PAYE) regulations.
Speaking at the event, Sahr Desmond Tommy, Manager of Tax Audit at the Large Taxpayers Office, explained that the non-taxable threshold for PAYE remains at Le 600, as set in the Finance Act 2021.
He emphasized that PAYE is calculated after a 5% deduction for NASSIT contributions and highlighted updates in the Finance Act 2026, including the exemption of redundancy and end-of-service benefits from taxation.
Tommy also discussed the treatment of the new minimum wage of Le 1,200, effective 1 April 2026, and addressed the Act’s implications for NGOs and Small and Medium Enterprises (SMEs).
The session provided employers with practical guidance to ensure accurate payroll management and compliance with recent legislative changes.
