Through July-August, PMCG is holding meetings with representatives of Liberia’s Revenue Authority, the Ministry of Finance and Development Planning (MFDP), the business sector and other stakeholders to assist Liberian authorities in planning and carrying out excise stamps reform effectively.
Usually, one of the major components in a country’s revenue mobilization is excise tax. However, despite the long list of excisable items in Liberia, the revenue contribution of excise tax is notoriously low as it provides less than 4% of total tax revenue and 0.7% of GDP, which is largely due to a number of tax policies and administration issues.
Working meetings are focused on analyzing the excise situation and discussing best possible options to overcome this challenge. As a result, the project team will draft an excise stamp reform roadmap.
The meetings are organized as part of the USAID Revenue Generation for Governance and Growth (RG3) program, where PMCG works as part of a consortium led by DAI International.