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📰 Overview
On April 24, 2025, the Public Accounts Committee (PAC) of the Sierra Leone Parliament summoned 20 companies, including prominent firms like Kingho Mining and Dangote Cement, to address concerns over substantial unpaid revenue arrears. This action underscores the government's commitment to enforcing tax compliance and ensuring that all entities contribute their fair share to the nation's economy.Sierraloaded+1Sierraloaded+1
🏢 Companies Summoned
The PAC's summons includes a diverse range of companies operating across various sectors in Sierra Leone. Notable among them are:
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Kingho Mining Company Ltd
Dangote Cement Sierra Leone Ltd
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Sierra Rutile Ltd
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Sierra Leone Brewery Ltd
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Leocem (Heidelberg Cement)
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Addax Bioenergy Sierra Leone Ltd
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Sierra Leone Bottling Company Ltd (Coca-Cola)
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Sierra Leone Commercial Bank Ltd
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Guaranty Trust Bank (SL) Ltd
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Standard Chartered Bank (SL) LtdSierraloaded+1Sierraloaded+1Sierraloaded+1Sierraloaded+1
These companies are expected to appear before the PAC to provide explanations and plans for settling their outstanding tax obligations.
💬 Official Statements
The PAC has emphasized the importance of this exercise in promoting transparency and accountability within the country's financial ecosystem. By holding these companies accountable, the Parliament aims to reinforce the principle that tax compliance is not optional but a civic duty essential for national development.
📈 Implications for the Business Community
This move by the Parliament sends a clear message to the business community about the government's stance on tax evasion and financial misconduct. Companies operating in Sierra Leone are urged to review their tax compliance status and ensure timely fulfillment of their fiscal responsibilities to avoid similar summonses and potential legal actions.
