RTP Administrative Regulation 19August 2024
ADMINISTRATIVE REGULATION
- 5.1213-41MFDP/FAD-RTPD/19 AUGUST 2024
TO ALL IMPORTERS AND THE GENERAL PUBLIC
SUBJECT : IMPLEMENTING EXECUTIVE ORDER 135 ON SURCHARGE
DATE AUGUST 20, 2024
1. GENERAL RULE
The Ministry of Finance & Development Planning (MFDP) is responsible for the formulation of fiscal policies to govern taxation pursuant to the Revenue and Customs Code of the Republic of Liberia.
In keeping with section 2200 of Liberia Consolidated Revenue Code of 2021 as amended, the Minister shall make policy regulations prescribing anything which is to be prescribed under and generally for carrying out the provision of this code.
2. LEGAL BASIS
Pursuant to Executive Order No. 135 (instituting Certain Measures to Stimulate Economic Growth), the Minister of Finance and Development Planning shall by Administrative Regulation impose a surcharge on goods imported into the country that are in competition with local Manufacturers and Producers.
Furthermore, Section 21.5(c) of the Act creating the Ministry of Finance and Development Planning charged the Minister with the duty to formulate, institutionalize and administer economic, development planning, and fiscal policies.
3. PURPOSE
This regulation seeks to stipulate the surcharge on goods imported into the country in such quantities that may undermine the survival of local manufacturers.
National Vision: One
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4. PROCEDURE NOTICE
By this regulation, and consistent with Executive Order 135, the Government of Liberia, through the Ministry of Finance and Development Planning, hereby imposes an industrial sector development surcharge as detailed in Appendix l.
5. PUBLIC NOTICE
The Government of Liberia, through the Ministry of Finance and Development Planning, hereby announces the re-institution of the surcharge rate on goods or raw materials imported in such quantities that may injure or undermine the survival of local manufacturers.
All importers and relevant businesses are asked to adhere to this Administrative Regulation and govern themselves accordingly.
6. EFFECTIVE DATE
This Administrative Regulation and the actions thereby authorized herein take immediate effect upon the publication and shall remain in full force and effect until otherwise altered by the Ministry of Finance & Development Planning.
Signed Approved
Assistant Minister for Revenue
And Tax Policy Minister for Fiscal Affairs
Date: Date:
10- 9016
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APPENDIX I
EXECUTIVE ORDER 135
| NO. | PRODUCT | HS CODES | Rate | Rate |
| 1. | FIOUr | 1101.00 & 1102.20 | $0.45/k | |
| 2. | Confectione | 1704.90.oo.oo, | $0.20/k | |
| 3. | Wire Nail (Other than zinc nail, hook-nail and rin nail | 7317.00.10.00, 7317.00.90.00 | $0.35/kg | |
| 4. | Zinc (Corrugated Steel Sheet) | 7212.20.oo.oo, 7210.41.00,
7210.50.oo, 7210.61.90, 7210.69.90, 7210.90.10, 7210.90.90, 7606.11.10, 7606.12.10, 7606.92.10, 7606.91.91, 7606.91.10, 7606.92.99, 7905.00.oo, 7606.92.91 |
15% | |
| 5. | Cement | 2523.29.oo.oo | $2.00/ba | |
| 6. | Plastic Furniture/ Plastic
Wares |
3924.90.10.00, 3925.10.00.00,
3924.90.oo, 9403.70.90.oo |
25% of the declared value | |
| Biscuits wafer | 1905.31.00.00,
1905.90.00.00,1905.32.oo.oo |
$0.60/kg | ||
| 8. | Soap, Bleach | 3401.11.10.00, 3401.11.90.00,
3401.19.10.00, 2828.10.00.oo, 2828.90.10.00 |
$0.45/kg | |
| 9. | 0407.21.00.00 | $0.45/k | ||
| 10. | Tissue, Paper Towel | 4818.10.00.oo &
4818.20.oo.oo |
10% | |
| 11. | Soft drink | 2202.10.00.00 | 10% |
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| NO. | PRODUCT | HS CODES | Rate | Rate |
| 12. | PVC pipes, fittings, tubes, electric pipes, plastic pipes, PVC gutter, pipes | 3917.10.00.oo, 3917.21.10.00,
3917.22.10.00, 3917.22.90.00, 3917.23,90.oo, 3917.29.10.00, 3917.29.90.00, 3917.31.00.oo, 3917.33.oo.oo, 3917.39.10.00, 3917.39.90.00, 3917.40.10.00, 3917.40.90.00 |
25% | |
| 13. | Deformed Bars/Steel | 7213.10.oo.oo, 7213.20.10.00,
7213.20.90.00, 7213.91.10.00, 7213.91.90.00, 7213.99.oo.oo, 7214.10.oo.oo, 7214.20.oo.oo, 7214.30.oo.oo, 7215.10.00.00, 7215.50.00.00, 7215.90.00.00, 7227.10.00.oo, 7227.20.oo.oo, 7227.90.00.00, 7228.10.00.00, 7228.20.oo.oo, 7228.30.oo.oo, 7223.40.oo.oo, 7228.50.oo.oo, 7228.60.oo.oo, 7229.90.oo.oo 721420.00.oo |
$350/ton | |
| 14. | Plastic bags, Packing materials, bottles, stoppers | 3923.10.00.oo, 3923.10.00.90,
3923.21 .oo.oo, 3923.29.oo.oo, 3923. 30.90, 3923.50.oo.oo, 3923.90.oo.oo, 3925.10.00.00, 3925.20.oo.oo, 3925.30.oo.oo, 3925.90.oo.oo |
25% | |
| 15. | Square Bars | 7207.11.00.00, 7214.99.00.00,
7414.91.00.oo, 7207.1200.00. 7207.19.00.oo, 7207.20.oo.oo |
350/ton |
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| NO. | PRODUCT | HS CODES | Rate | Rate |
| 16. | Rubber (unprocessed, natural rubber, natural latex, cup lings, cup lump, tree lace, bark scrap, ground scrap and any other form of unprocessed or processed rubber, mixtures of any product of heading 4001, reclaimed rubber, waste, paring and scrap rubber, compounded rubber, unvulgarized rubber, vulcanized rubber, other forms and article of vulcanized rubber, hard rubber etc.)
(Exports) |
4001.10 00.00, 4001.21 .oo.oo,
4001.16.95.oo, 4001.29.oo.oo, 4001.30.oo.oo, 4001.30.oo.oo, 4002.11 .oo.oo, 4002.19.00.oo, 4002.20.oo.oo, 4002.31.00.00 4002.39.00.00, 4002.41.00.oo 4002.49.oo.oo, 4002.51.00.oo 4002.59.00.00, 4002.60.oo.oo 4002.70.00.00, 4002.80.oo.oo 4002.91.00.00, 4002.99.oo.oo 4003.00.oo.oo, 4004.00.oo.oo 4016.10.oo.oo, 4005.10.00.oo 4005.20.oo.oo, 4005.91 .oo.oo 4005.99.oo.oo, 4006.10.00.oo 4006.90.oo.oo, 4007.00.oo.oo 4008.11.00.00, 4008.11.90.oo 4008.19.00.00, 4008.21.00.oo 4008.21.90.oo, 4008.29.oo.oo 4016.10.00 00, 4016.91.00.oo 4016.92.oo.oo, 4016.93.oo.oo 4016.94.oo.oo, 4016.95.10.00 4016.99.oo.oo, 4017.00.oo.oo |
USD 125.00 per ton | |
| 17 | Metal Scrap (Exports) | 7204.10.00.00, 7204.21 .oo.oo,
7204.29.oo.oo, 7204.30.oo.oo, 7204.41.00.00, 7204.49.oo.oo, 7204.50.oo.oo |
$80/ton |
Signed Approved
Assistant Minister for Revenue and Tax Policy for Fiscal Affairs
Date: Date:
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