National Revenue Authority (NRA)
Form IT 1 — Income Tax Return
Declare your company's annual income and calculate corporate tax liability for the NRA
- Form ID
- IT 1
- Who must file
- All corporate bodies including limited companies, trusts, and co-operatives
- Filing frequency
- Annual
- Filing deadline
- 30 April each year
- Regulator
- National Revenue Authority (NRA)
Form IT 1 is the annual corporate income tax return filed with the National Revenue Authority of Sierra Leone. All corporate bodies must declare chargeable income for the year, taxed at a flat rate of 30% of taxable profit.
Corporate tax is paid in four equal quarterly installments by the 15th of months 3, 6, 9, and 12. Late filing attracts a penalty of Le 5,000,000 plus 10% of the outstanding tax. The legal basis is the Income Tax Act 2000.
Learn more about how HeadOffice can help you manage your Sierra Leone business finances and stay on top of your tax obligations.