Tourism income tax exemption
Income from a tourism undertaking can be exempt from income tax for up to five years from the start of operations, capped at 150% of the original capital invested.
Your partner for accountancy and consultancy services in hospitality and tourism, in Sierra Leone and beyond.
Photo: Radwan Skeiky / Unsplash (Unsplash Licence)Hospitality runs on thin margins, seasonal demand and cash-heavy operations. At SLONEC we help hotels, restaurants and tour operators control costs, manage GST and payroll for large teams, stay on top of licensing requirements and turn financial information into better pricing and occupancy decisions.
Whether you run a hotel, a guesthouse, a restaurant, a beach lodge or a tour company, daily takings, stock and staff costs decide your margin.
SLONEC reconciles sales and cash every day, controls stock and cost of sales, runs payroll for shift and seasonal staff and keeps GST and electronic cash register compliance on track.

What investors and operators in Hospitality & Tourism should know about Sierra Leone's rules and reliefs, with the law behind each point.
Income from a tourism undertaking can be exempt from income tax for up to five years from the start of operations, capped at 150% of the original capital invested.
Capital allowances apply to assets used in developing tourism, and tax relief for expatriate staff employed for tourism development may be available under the Payroll Tax Act.
GST is due no later than the end of the month after each tax period. A damaged, faulty or defective electronic cash register must be replaced at a cost set by the Commissioner-General.
From 1 January 2026 the Finance Act 2026 raised the corporate income tax rate for resident companies from 25% to 30%, made every company pay the higher of its normal income tax and the minimum alternate tax (2% of turnover), and abolished the investment allowance.
Checked on 10 October 2026 against the sources listed. Incentives usually have conditions and can change with each annual Finance Act, so speak to SLONEC before you rely on any of them for an investment decision.
In Hospitality & Tourism, SLONEC works with:
Every SLONEC engagement draws on three service lines. Choose one, or combine them for a single point of contact.
We handle bookkeeping, daily sales and cash reconciliations, payroll for shift and seasonal staff, stock and cost-of-sales control and GST returns, so you can focus on your guests.
We help you protect your margins and make informed decisions.
Explore AccountancyOur consultancy services help you grow a stronger hospitality business.
We recruit general managers, chefs, front office, finance and supervisory staff tailored to your property's needs.
Recruitment & Training serves clients in Africa. Candidates can send CVs to recruit@slonec.com.
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Yes. We reconcile daily sales, cash, card and mobile money receipts against your POS or electronic cash register and flag differences quickly.
A tourism undertaking may be exempt for up to five years, capped at 150% of capital invested, subject to the conditions that apply. We assess eligibility and help you apply.
Yes. We prepare hotel and tourism feasibility studies and financial models for owners, investors and lenders.
Yes. Our courses include guest experience, upselling, cash handling and POS systems.
Use the form on this page. Hospitality & Tourism is already selected.
Tell us what you need and our business development team will come back with a tailored proposal.
Sector: Hospitality & Tourism. Please mention your sector and whether you are already a SLONEC client in your message. Proposal requests go to our business development team (bdteam@slonec.com).
SLONEC is an accountancy and consultancy firm that specialises and provides a wide range of accountancy and consultancy services to individuals, businesses, and organisations within Sierra Leone and beyond.