Published: July 9, 2026
MONROVIA – Companies and individuals holding tax incentives in Liberia will, for the first time, face a legal regime governing how those benefits are approved, registered, monitored, and reported, under the Tax Expenditure Management Act of 2025, launched Tuesday by the Ministry of Finance and Development Planning and the Liberia Revenue Authority.
Anthony G. Myers, deputy minister for fiscal affairs and acting minister of finance and development planning, said at the launch at Monrovia City Hall that the law establishes a system for identifying, measuring, reporting and monitoring tax expenditures, including deductions and other incentives granted to businesses and individuals.
Myers said the law is designed to ensure incentives deliver measurable economic benefits while limiting unnecessary revenue losses.
“This Act reflects the Government’s commitment to modernizing Liberia’s tax system and ensuring that all incentives granted align with national development priorities while safeguarding public resources,” he said.
He said the act is the first comprehensive legal framework covering the application, approval, registration, administration, monitoring, evaluation and reporting of tax expenditures across all sectors of the economy, and he credited President Joseph Nyuma Boakai and the Legislature with its passage.
Myers called on institutions in the financial and economic sectors to implement the law fully, saying consistent execution would strengthen investor confidence, improve fiscal transparency and raise domestic revenue while tying incentives to the government’s ARREST Agenda for Inclusive Development.
The launch drew representatives of the Liberia Revenue Authority, the National Investment Commission, the Legislature, and the ministries of Mines and Energy, Commerce and Industry, Agriculture, Public Works, State Without Portfolio, and State for Presidential Affairs.
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