He explained that 30% incentive deduction is allowed up to 100% of qualifying cost of equipment and machinery for investors over $1million US dollars. He made the remarks Friday when he delivered the keynote address at the Liberian Business Forum at Greenberg Traurig in Philadelphia, Pennsylvania, United States. “You can also obtain a tax deduction of 10% off the cost of building and fixtures used in manufacturing process that produced finished products having 60% local raw material,” Vice President Boakai noted. He stressed that the climate of peace and stability continues to prevail “if we are to consolidate and further expand our gains. Moreover the Vice President recapped President Sirleaf’s message that the Ministry of Education has a clearer mandate to develop an efficient communication and engagement strategy to enable stakeholders to buy in and support the government in accomplishing this all important national commitments.

Source: Daily Observer April 20, 2017 01:52 UTC