Investor Benefits and Tax Reliefs
Sierra Leone offers attractive incentives for tourism investors
Corporation Income Tax
Corporation Income Tax (CIT) is exempt for new hotels, hotels in construction or renovation.
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.
Payroll Taxes
Payroll taxes are exempted for 3 years for expatriate employees whose skills are not held by any Sierra Leonean citizen.
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
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