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South Sudan Financial Act 2023/2024 Includes Personal Income Tax and Other Changes

22 January 2024

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Approved Changes

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South Sudan

On 29 December 2023, South Sudan's Ministry of Finance and Planning published a copy of the Financial Act 2023/2024, which was signed into law on 14 August 2023. The main tax changes include the following: The monthly personal income tax brackets are revised as follows: up to SSP 20,000 - 0% SSP 20,001 up to SSP 40,000 - 5% SSP 40,001 up to SSP 57,000 - 10% SSP 57,001 up to SSP 90,000 - 15% over SSP 90,000 - 20% All withholding charges and rates on imports are repealed; The withholding tax on government contract payments is reduced from 20%...