Tourism Incentives

Sierra Leone offers attractive incentives for tourism investors

corporate income tax

Corporation Income Tax

Corporation Income Tax (CIT) is exempt for new hotels, hotels in construction or renovation

capital allowance

Capital Allowance

For the same category, capital allowances is provided on plant, machinery or equipment which is initially 25% and is 10% following the first-year

pahroll taxes

Payroll Taxes

Payroll taxes are exempted for 3 years for expatriate employees whose skills are not held by any Sierra Leonean citizen.

discretionary reliefs

Discretionary Reliefs

The Development of Tourism Act of 1990 allows the Ministry of Tourism to provide discretionary reliefs post-consultation with the Ministry of Finance

loss carry forward

Loss Carry Forward

To reduce tax liability, the government of Sierra Leone allows losses to be carried forward for a period of 5-years post construction of the hotel’s construction, renovation or extension

Source: Wavteq based on SLIEPA


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