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In this study, the staff report for the review under the three-year arrangement under the Extended Credit Facility is discussed. Investment in iron ore and commercial agriculture and rebound in rubber prices are important for growth. Fiscal, monetary, and financial policies are discussed. An update of external debt sustainability confirms the low risk of debt distress rating. IMF staff supports the new indicative floor on education and health spending in FY2012, and the performance criterion on the Central Bank of Liberia (CBL) payment are discontinued.LIBERIA: TAX POLICY CHANGES, FY2012 Tax 2010/11 Policy 2011/12 Policy Revenue Impact Income tax (Effective January 1, 2011) Personal income 35% maximum rate 25% maximum rate and changes in tax brackets Corporate income 35% maximum rate 25% ... Imported fuel duty waiver Suspended Various specific duties Suspended Suspended for selected users Goods and service tax Alcoholicanbsp;...

Author: International Monetary Fund
Publisher:International Monetary Fund - 2011-07-13

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