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House Plenary backs Pres. Sirleaf’s vetoed Tax Amendment Act

Dyrus Zinnah/Benjamin S. Taingay
House of Representatives Presiding Officer, Hans Barchue
House of Representatives Presiding Officer, Hans Barchue

MONROVIA, LIBERIA-Plenary of the House of Representatives has endorsed President Ellen Johnson-Sirleaf’s veto on the Liberia Tax Amendment Act of 2016.

The Liberia Tax Amendment Act of 2016 was enacted to amend the Revenue Code of 2011. The proposed Act was recently submitted to the House of Representatives for passage into law. 

In her submission, President Johnson-Sirleaf said her decision was based on grounds that the intent of the bill will not achieve the desired fiscal impact.

The Liberian Leader said her proposal to the National Legislature is in consideration of the current impact of the global economic downturn on the Liberian economy.

She said the bill, if enacted, will also have an adverse impact, given other measures government has taken, including Liberia’s accession to
the World Trade Organization.

Members of the Lower House indicated that the President’s veto was in good faith. Prior to the President Johnson-Sirleaf’s veto, there have been mixed-reactions to the bill at the National Legislature.

Some lawmakers alleged that the instrument was passed under dubious circumstances while others differed with their colleagues.

 

 


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