15 November 2024Navigating the 2% Tourism Levy in Sierra Leone: A Guide to Compliance for Businesses
A 2% Tourism Levy was introduced in Sierra Leone through the Finance Act 2023, marking a significant development in the tourism sector. The levy seeks to contribute to tourism infrastructure, quality improvements, and growth. However, its implementation has introduced several compliance obligations for tourism businesses, including hotels, guesthouses, resorts, restaurants, and other establishments. Understanding and adhering to these requirements is essential for ensuring compliance and avoiding penalties and interest from the National Revenue Authority (NRA).