Liberia Revenue Authority (LRA) Commissioner General, James Dorbor Jallah, has commended the Ministry of Finance and Development Planning (MFDP) for the ‘successful’ launch of the Tax Expenditure Management Act of 2025.
Jallah hailed the initiative as a “pivotal advancement to enhance transparency, accountability, and efficiency within the tax system.”
During the second day of the official launch on Tuesday, held at the Paynesville City Hall, Mr. Jallah spoke on the transformative potential of the new legislation, emphasizing its role in fortifying the management, and oversight of tax incentives, exemptions and other tax expenditures.
“The Tax Expenditure Management Act will ensure that tax relief measures are rigorously evaluated and align with our national development priorities while simultaneously safeguarding government revenue.”
Jallah further highlighted that the legislation will foster enhanced collaboration between the LRA and the Ministry by establishing a robust framework for assessing the costs and benefits of tax incentives.
“This act will support evidence-based policymaking and improve domestic revenue mobilization.”
He underscored that the Tax Expenditure Management Act is crafted to promote fiscal discipline, bolster public trust in the tax system, and ensure that tax incentives yield tangible economic and social benefits.
“I extend my appreciation to the government, particularly the Ministry as the launch of this act represents a crucial milestone in our ongoing efforts to strengthen public financial management, enhance tax administration, and cultivate a more transparent and sustainable fiscal environment.”
Mr. Jallah also expressed gratitude to the President Joseph Nyuma Boakai, and members of the Legislature for their role in enacting the law, which will provide a legal framework for the application, approval, registration, administration, monitoring, evaluation and reporting of tax expenditures in all sectors of the economy.
He urged all financial stakeholders to implement the law with transparency, consistency, and a holistic approach.
Jallah: “For Liberia to strengthen and boost investor confidence, enhance fiscal transparency, improve domestic revenue mobilization, and ensure that tax incentives align strategically with the government’s development priorities through its Arrest Agenda for Inclusive Development, we all must play our part.”
