The Liberia Special Economic Zones Authority (LSEZA) and the Liberia Revenue Authority (LRA) have signed a Memorandum of Understanding (MOU) aimed at strengthening collaboration and driving trade and industrial growth within Special Economic Zones (SEZs).
The agreement outlines a framework for performance-based tax incentives linked to tangible outcomes such as job creation, infrastructure development, green energy investment, and increased exports.
Through the MOU, both institutions have committed to jointly tracking and assessing the performance of designated SEZs over a defined period to ensure compliance and results-based outcomes.
Speaking at the signing ceremony, LSEZA Executive Chairman Prince Wreh described the MOU as a transformative milestone that paves the way for Liberia to become a competitive destination for trade and investment.
Wreh emphasized that the agreement will eliminate administrative hurdles and improve investor confidence by creating a streamlined, one-stop-shop system for SEZ operations.
“This MOU sets us on an irreversible course toward building a more efficient investment climate through targeted incentives,” he stated.
He noted that aligning tax incentives with measurable economic impacts will help Liberia better position itself on the global market and attract more sustainable investments.
For his part, LRA Commissioner General James Dorbor Jallah praised the MOU as a key driver of industrialization and economic expansion through SEZs.
Jallah reaffirmed the LRA’s commitment to working with LSEZA to ensure international best practices are applied and development goals are maximized.
“This is not just about tax breaks, it’s about fostering meaningful growth, increasing exports, and creating jobs that benefit the Liberian people,” CG Jallah said.
The MOU also signals a broader effort by the Liberian government to integrate tax administration with investment promotion strategies, particularly in sectors with high growth potential.
Officials say the agreement will go into immediate effect, with joint monitoring mechanisms expected to begin rollout in upcoming SEZ pilot locations.
