It recommends that the authorities pursue the envisaged reforms, including excise tax, tax exemptions, and compliance,” the team reported. However, the Revenue Code of Liberia, Phase One of the Reform Tax code of Liberia, AD2000, as amended by the Consolidated Tax Amendments Act of 2011, to Reform Excise Tax Law (2018) has three components to the tariff points to a number of excise tax increases which poses serious challenges for consumers. Excise tax is a levy on goods with health, environmental and social effect. The Liberia Revenue Code of 2000 established a legal basis as amended 2011, chapter 11. The amended revenue code is sending shivers amongst many Liberians with many unsure how the new changes will impact the lives of ordinary Liberians.

Source: Front Page Africa March 29, 2019 01:18 UTC