Section 20, The Finance Act, 2011.

(1) Subject to subsection (2), any expenses which areaimed at promoting exports and the supply of goods overseas shall, for the purposes of income tax, be eligible for deduction from profits of 100% of the cost incurred up to the extent of profits of the same year the expenditure is made. (2) The expenses referred to in subsection (1) shall be those in relation to the following activities:– (a) overseas advertising, publicity and public relations work; (b) supplying samples abroad, including delivery costs; (c) undertaking export market research; Foreign staff. Promotion of exports. Work permits. Investment allowance. Act No. 8 of Research and development expenses. Training expenses. Social development expenses. Remittances. Act No. 2 of 2004. Cap.265 10 11 (d) preparing tenders for supply of goods overseas; (e) supplying of technical information abroad; preparing exhibits and participation costs in trade or industrial exhibitions, virtual trade or shows and trade portals and fares for overseas travel by company employees for business; (f) maintaining sales offices and warehouses overseas to promote exports; (g) hiring professionals to design packaging for exports, subject to the company using local professional services; (h) undertaking feasibility studies for overseas projects identified for the purpose of tenders; (i) preparing architectural and engineering models, perspective drawings and 3 - D animations for participating in competitions at international level; (j) participating in trade or industrial exhibitions in the country or overseas. (3) The deductions referred to in subsection (1) in respect of the promotion of exports and the supply of goods overseas shall, with the necessary modifications, apply to the tourist industry, in respect of the costs incurred in the overseas promotion of Sierra Leone as a tourist destination.