Description

The Liberia Revenue Code establishes the legal framework for taxation and revenue collection in Liberia. It outlines the types of taxes, taxpayer obligations, penalties for non-compliance, and administrative procedures for tax enforcement. The Code regulates income tax, corporate tax, goods and services tax (GST), customs duties, and other fiscal policies. It also includes provisions for tax exemptions, investment incentives, and dispute resolution mechanisms. The most recent amendments aim to improve tax administration, enhance compliance, and support economic growth.