Liberia, July 9 -- The Ministry of Finance and Development Planning (MFDP), in collaboration with the Liberia Revenue Authority (LRA), has officially launched the Tax Expenditure Management Act of 2025, describing the legislation as a landmark reform designed to improve transparency, accountability and efficiency in the administration of tax incentives across Liberia.

Speaking at the launch ceremony, Deputy Minister for Fiscal Affairs, Anthony G. Myers, said the Act represents a major milestone in the government's efforts to modernize Liberia's tax system while ensuring that tax incentives contribute meaningfully to national development.

Deputy Minister Myers emphasized that the law provides a comprehensive legal framework for the appr...