Skip to content

Home Sectors Finance, tax and people support for the energy sector in Sierra Leone

Finance, tax and people support for the energy sector in Sierra Leone

SLONEC supports energy and renewables businesses, developers and project teams in Sierra Leone with the finance and people work that keeps them running: bookkeeping and financial reporting, tax compliance, financial sustainability planning, and payroll and employer of record support for project staff. Our team in Freetown works alongside your technical and investor teams.

Rows of solar panels in a dry, open landscape under a clear blue sky.

Who do we support in the energy sector?

Our services suit organisations such as:

  • solar home system distributors and pay-as-you-go energy companies
  • mini-grid developers and operators
  • foreign energy companies and developers entering Sierra Leone
  • contractors and service companies working on energy projects
  • donor-funded and development programmes with an energy focus
  • local businesses installing or maintaining solar and backup power

We provide accounting, tax, payroll and people support. We do not provide engineering, technical design or investment advice.

How do you help with financial sustainability?

Energy businesses often have high upfront costs, long payback periods and income that depends on customer payments, tariffs or grants. We help you:

  • build budgets, cash flow forecasts and financial models that reflect how your revenue actually arrives
  • track project costs against budget and funding
  • set up management accounts so you can see margins by product, site or programme
  • plan for tax, including the minimum alternate tax, so it does not come as a surprise
  • strengthen internal controls and prepare for audit preparation and support when lenders, investors or donors require it

What reporting do energy projects need?

Investors, lenders and donors usually want regular, reliable reporting. We can prepare:

  • monthly or quarterly management accounts
  • annual financial statements
  • grant and donor financial reports in the format your funder requires
  • reports for an investor or parent company abroad

If you are based outside Sierra Leone, you can contract with SLONEC Advisory in London and receive reports from our Freetown team. See Route into Africa.

Which tax rules matter for energy businesses?

Key points from the Finance Act 2026 include:

  • Company income tax of 30% for resident companies, and a minimum alternate tax of 2% of turnover where that is higher, except in the first three years after incorporation
  • Investment allowance on new business assets abolished, which affects capital-heavy projects
  • GST exemption for renewable energy from solar mini-grids and parts of solar home systems, restated by the Act
  • Import duty of 0% on small solar panels and parts of solar home systems
  • Withholding tax of 20% on payments to non-resident contractors and for management or professional services

Exemptions have conditions, so we check which apply to your products before you price or import. Read our Finance Act 2026 overview on our sectors page and our tax compliance services.

How do you handle payroll for project staff?

Energy projects often combine local technicians, field sales teams and expatriate specialists. We can:

  • run monthly payroll and calculate PAYE and NASSIT
  • file and pay PAYE by the 15th of the following month and submit NASSIT schedules
  • handle payroll tax returns for employers of non-citizens
  • manage starters, leavers and contract staff

Can you employ project staff for us?

Yes. If you do not yet have a local company, or a project is time-limited, our employer of record support means SLONEC employs the staff on your behalf and handles their employment, payroll and statutory deductions, while you direct their work. Permits for expatriate staff and their families are handled end to end by our team or trusted partners, with one point of contact. See recruitment and workforce support.

Can you help us set up in Sierra Leone?

Yes. We help with company registration, tax and NASSIT registration, bank accounts and permits. See market entry. Scope and fees are agreed in writing before work starts.

Frequently asked questions

Do you work with solar and renewable energy businesses?

Yes. We provide accounting, tax, payroll and reporting support to energy and renewables businesses and projects. We do not provide technical or engineering services.

Can you prepare donor and investor reports?

Yes. We prepare management accounts, financial statements and grant or investor reports in the format your funder requires.

Are solar products exempt from GST?

Renewable energy from solar mini-grids and parts of solar home systems are exempt under the GST Act as restated by the Finance Act 2026, subject to conditions.

Can you employ project staff without a local entity?

Yes. Through our employer of record support, SLONEC employs the staff and handles payroll and statutory deductions while you direct the work.

Who handles permits for expatriate engineers?

Permits for staff and their families are handled end to end by our team or trusted partners, with one point of contact.

Can we contract with you from abroad?

Yes. You can contract with SLONEC Advisory in London, with delivery by our Freetown team.

Talk to us about your energy project

Call +232 73 253666, message us on WhatsApp or email hello@slonec.com. Our office is at 1 Hannah Benka-Coker Street, Freetown.

Checked on 11 November 2026. This page is general information, not tax or investment advice.