17/01/2026
FOR IMMEDIATE RELEASE.
500US and below In Tax exemptions Economic Analysis.
Hon. Anthony F. Williams Introduces Landmark Bill to Provide Tax Relief for Workers and Reform Investment Incentives
Monrovia, Liberia, Hon. Anthony F. Williams, Representative of Pleebo Sodoken District, Maryland County, has formally introduced a Bill before the Honorable House of Representatives seeking to amend and restate key provisions of the Revenue Code of Liberia (2000), as amended, with the aim of easing the tax burden on low-income earners while strengthening fiscal responsibility through investment reform.
The proposed legislation, titled “An Act to Amend and Restate Sections 16, 200, 201, and 205 of the Consolidated Tax Amendments to the Revenue Code of Liberia (2000), as Amended, to Adjust the Personal Income Tax Thresholds and Reform the Investment Incentive Regime,” addresses the long-standing erosion of Liberia’s personal income tax (PIT) structure due to inflation and currency depreciation.
At the core of the Bill is an increase in the PIT exemption threshold to USD 500 per month (USD 6,000 annually), ensuring that low-wage earners, particularly civil servants and private-sector workers, are no longer taxed into poverty.
“For too long, inflation has silently punished Liberian workers,” Hon. Williams stated. “This Bill is about restoring fairness to our tax system and putting disposable income back into the hands of ordinary Liberians, without increasing government spending.”
While the adjustment is projected to reduce revenue by approximately USD 63.55 million, the Bill is designed to be revenue-neutral through bold reforms to Liberia’s investment incentive framework.
These include: a mandatory three-year sunset clause on tax exemptions, ending perpetual waivers and a 50 percent cap on non-critical duty waivers, particularly for goods that can be sourced or manufactured locally.
According to Hon. Williams, these reforms will curb excessive tax expenditures, estimated at over USD 240 million annually, while ensuring that investment incentives deliver real value through job creation and local economic impact.
“This legislation represents a strategic shift,” he added. “We are moving away from subsidizing corporations through open-ended exemptions and toward empowering Liberian workers through direct tax relief.”
Hon. Williams has called on relevant legislative committees to engage the Liberia Revenue Authority (LRA), the Ministry of Finance and Development Planning, and the National Investment Commission (NIC) to ensure harmonization, transparency, and broad stakeholder input, including public hearings.
The Office of Hon. Anthony F. Williams reaffirms its commitment to pro-poor legislation, fiscal sustainability, and economic justice for all Liberians.
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