LIBERIA TAX AMENDMENTS ACT OF 2016
The fifth session of the Fifty Third Legislature of the Republic of Liberia has enrolled Bill No 61 Entitled "An Act to Amend the Liberia Revenue Code of 2011 and to Repeal the Economic Stimulus Tax Amendment Act of 2016 to Provide For the Economic Empowerment Tax Amendment Act of 2016" This Amendment to the Revenue Code of Liberia was submitted to and signed by the President of the Republic of Liberia, Her Excellency Ellen Johnson Sirleaf, on December 20th 2016 at the hour of 5:30 PM. The Amendment to the Revenue Code was published into law on December 22, 2016 and became effective on the same date. Short name of the Act is " LIBERIA TAX AMENDMENTS ACT OF 2016" Issues covered by the amendment of the Revenue code are as follows: Tax Type Old Rate New Rate Goods and Service Tax (Section 1000,1021 & 1022). 7% 10% Excise Tax on Tobacco (Section 1121) 35% 80%