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Liberia Prepares for VAT Implementation

  • Three-day intensive training on Value Added Tax (VAT) for Tax Administrators in Liberia
  • Assistant Commissioner at LRA emphasizes significance of VAT in preparation for passage of VAT Law
  • Training aims to build capacities of analysts and policymakers, increase public awareness for seamless implementation of VAT
  • VAT is described as a multi-stage, broad-based, self-regulating tax on consumption with potential to grow revenue
  • Engagement with National Legislature to expedite passage of VAT Bill into Law with support from ECOWAS through PATF program

Source: frontpageafricaonline.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.

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