ANNOUNCEMENT 01 Jul 2010

The 2010/11 budget contained the following investment and tariff incentives. The document does not provide any information on the date the budget was announced. Nonetheless, according to the speech, it would come into force on 1 July 2010. Furthermore, according to a press release from the Ministry of Finance (cf. Sources), it was approved only in September of 2010.

NUMBER OF INTERVENTIONS

2

  • 0 harmful
  • 0 neutral
  • 2 liberalising

SOURCE



Ministry of Finance, Liberia. ' 2010/11 budget.' http://www.lbolr.org/sites/default/files/FY%202010-11%20Proposed%20Budget%20with%20President%20Budget%20Message%20-%20May%203%202010%20-%20Final.pdf

Liberian Ministry of Finance press releases "Ministry of Finance , RL, Press Releases"
http://www.tlcafrica.com/finance.htm


Inception date: No inception date

Import tariff

1. Reduction in ECOWAS trade levy to 0.5% 2. Suspension of tariff on buses and taxes for commercial transportation companies. 3. Continued suspension of tariffs on rice for twelve months, in furtherance of the poverty reduction strategy.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: No inception date

Tax or social insurance relief

1. Introduction of a ratified profit tax from 35% to 25% and a corporate income tax rate of 15% for rice investments to attract investors to the sector. 2. Introduction of strategic incentives targeted to attract investments in least developed areas of the country.
 
N/A
 
N/A