𝐌𝐨𝐧𝐫𝐨𝐞 𝐂𝐡𝐢𝐜𝐤𝐞𝐧, 𝐋𝐢𝐛𝐞𝐫𝐢𝐚’𝐬 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐅𝐚𝐬𝐭 𝐅𝐨𝐨𝐝 𝐁𝐫𝐚𝐧𝐝, 𝐀𝐩𝐩𝐥𝐢𝐞𝐬 𝟐% 𝐆𝐒𝐓 𝐇𝐢𝐤𝐞 𝐅𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐋𝐑𝐀 𝐌𝐚𝐧𝐝𝐚𝐭𝐞

Monroe Chicken, one of Liberia’s leading fast food restaurants, has announced the application of a 2% increase in the Goods and Services Tax (GST), in line with a new directive from the Liberia Revenue Authority (LRA). The adjustment brings the total GST rate to 12%, now reflected on all customer invoices and receipts.
In a public statement to customers, the restaurant emphasized that the change is not a business decision, but a mandatory tax set by the LRA. “This adjustment is mandated by the Liberia Revenue Authority (LRA) and must be paid by the consumer, not the business,” the company noted.
The LRA’s official communication, dated May 28, 2025, reminds all service providers of their obligation to apply the new 12% GST rate to services rendered. Businesses are further required to itemize the tax separately on invoices, ensuring transparency in service charges. Citing Section 55 of the Revenue Code, the LRA also mandates that all tax-liable persons maintain clear records of transactions, including invoices, purchase orders, and sales logs.
Inspections began May 29, with the LRA warning that non-compliance could lead to penalties and even temporary closures of businesses.
While Monroe Chicken apologized for any inconvenience caused by the adjustment, it encouraged customers to direct their concerns to the LRA, stating: “This decision is beyond our control.”
Keep following; Business Insight Liberia