- ECOWAS has initiated a four-day technical training for tax administrators in Liberia to introduce Value Added Tax (VAT) reform
- The training is funded by the European Union and involves tax administrators from the Liberia Revenue Authority and Ministry of Finance and Development Planning
- The objective of the training is to pass on information on Liberia’s VAT law and international best practices for efficient VAT administration
- The training is crucial for tax practitioners and is focused on technical aspects with practical applications
- Liberia is expected to have one of the best VAT laws in the sub-region once fully passed by the National Legislature
- The training is in preparation for the passage of the VAT Law and aims to ensure tax administrators are ready for implementation
- Capacity building and public awareness are highlighted as crucial for seamless VAT implementation in Liberia
- The training emphasizes the commitment to excel in VAT implementation and be fully prepared for the enactment of the VAT Law.
Source: liberianobserver.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
