- The Liberia Revenue Authority (LRA) began a three-day training for senior management to prepare for the implementation of a Value Added Tax (VAT) system.
- The training covers VAT principles, legal frameworks, international best practices, and the transition from the current Goods and Services Tax (GST) to VAT.
- Liberia’s VAT system will start on January 1, 2027, with registration opening in July 2026 and a six-month registration window for businesses and individuals.
- The training is part of a broader roadmap to build a modern, efficient, and transparent tax system, with ongoing outreach and capacity-building activities.
- VAT aims to improve revenue collection, reduce tax evasion, promote fairness, and support national development by modernizing Liberia’s tax system.
Source: thenewdawnliberia.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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