spot_imgspot_img
Sunday, September 8, 2024

LRA LAUNCHES NEW SYSTEM TO EASE TAX PAYMENT

Date:

MONROVIA – The Liberia Revenue Authority (LRA) today officially launched the Liberia Integrated Tax Administration System (LITAS) at its headquarters in Paynesville, outside Monrovia.

The new digital tax system is inclusive of online registration and filing and makes tax payment easier while improving taxpayers’ experiences.

Commissioner General Thomas Doe Nah explained that the launch of LITAS is part of efforts to transform the Tax Administration of the country.

“Today we are excited because we at LRA have taken another step because we want to change the ecosystem or the way we do business. We are moving to billion and it’s a process, and these are some of the systems that will help us generate more revenues, ” CG Nah noted.

LRA Commissioner for Domestic Tax Darlingston Y. Talery told the launching event that LITAS will reduce compliance costs, minimize human interferences and related errors, and boost revenue growth.

The LRA will roll out LITAS to all tax business offices across the 15 counties of Liberia, Talery said. He noted the challenges of electricity, internet connectivity and financial support that come along with it, but expressed optimism for success.

Acting Finance and Development Planning Minister  and Comptroller General of Liberia Janga Kowo lauded LRA for the progress, expressing confidence that the digitalization of tax collection will help to achieve the government’s development agenda.

“I say bravo to the innovative leadership of the Commissioner General Thomas Doe Nah and LRA family [in your] quest to move Liberia revenue generation to billions,” the Comptroller General of Liberia said.

World Bank Group Acting Country Manager Mack Capehart Mulbah applauded LRA for what he termed a “great venture” in generating more revenues for the country through the use of digitalization and pledged more support to the LRA.

African Development Bank, Senior Country Economist, Yusuf Bob Foday, stressed that “AFDB is pleased with the progress at LRA because digitalization is the right way to go because it improves services and increases revenue collections.”

BACKGROUND

With support from partners including the African Development Bank Group, The World Bank, SIDA and the European Union, the LRA 2021 launched the pilot phase of the LITAS to replace the Standard Integrated Government Tax System (SIGTAS).

LITAS is part of efforts to improve tax compliance and increase tax revenue with the aim of gathering sustainable resources to support Liberia’s growth and development.

The launch of LITAS is besides other innovative online tax payment processes including the Port Automation and Digitization System – a paperless system launched in 2022, meant to speed up customs clearance processes.

The digitization of tax payment platforms supports the goals of the LRA in ensuring the transformation of revenue administration by utilizing effective information and communication technology as stated in Goal Four of the Authority’s strategic direction.

LRA goal four points to the transformation of revenue administration by utilizing effective information and communication (ICT).

smartnews
Smart News Liberia is an online news outlet and a product of Smart Media Group Inc. Our website, smartnewsliberia.com, covers a broad spectrum of news content. For inquiries or information, you can reach us at 0777425285 or 0886946925, or email us at smartnewsliberia@gmail.com or info@smartnewsliberia.com.

LATEST DEVELOPMENT

LIBERIA CONFIRMS SECOND MPOX CASE AS NPHIL DECLARES NATIONAL OUTBREAK

MONROVIA – The National Public Health Institute of Liberia...

NO JUSTIFICATION FOR HIGH SALARIES OF BOAKAI ADMINISTRATION OFFICIALS AMID ECONOMIC STRUGGLES

In the midst of Liberia's current economic struggles, revelations...

LIBERIA’S POLITICAL CRISIS: A CALL FOR RESPONSIBLE LEADERSHIP AMID ESCALATING TENSIONS

The recent clash between the Coalition for Democratic Change...

PRESIDENT BOAKAI’S PURGE: A DANGEROUS DRIFT TOWARD AUTHORITARIANISM

In recent months, President Joseph Boakai has embarked on...

MADAM PEARSON’S RESIGNATION FROM THE CENTRAL BANK: EVASION OF ACCOUNTABILITY OR STRATEGIC MANEUVER?

Madam Nyemadi D. Pearson’s sudden resignation as Deputy Governor...

COMMENTARY

THE MASS DISMISSAL OF LIBERIAN PUBLIC SERVANTS: A TROUBLING TREND UNDER THE BOAKAI ADMINISTRATION

A Commentary by Wondah L. Jah Since assuming the presidency,...

SECURITY RISKS: IS PRESIDENT BOAKAI UNKNOWINGLY SETTING THE STAGE FOR EARLY COUP D’ÉTAT?

In his commentary, Liberian political analyst Vandalerk R. Patricks...

IS JOSEPH BOAKAI LISTENING TO PROTESTS AROUND AFRICA?

A Commentary By Wondah L. Jah In January, Joseph Boakai,...

LATEST NEWS

UNITING IN GRIEF: A STORY OF STRENGTH AND SOLIDARITY IN TOTOTA’S GAS TANKER EXPLOSION

TOTOTA, LIBERIA – The community of Totota was grappling...

INVESTIGATORS POKE INTO PRES. WEAH’S RELATIONSHIP WITH THE IVORIAN-OUSMANE BAMBA

MONROVIA – Concerns are mounting into reports about the...

IN LIBERIA AND ACROSS AFRICA, VIKTOR BOUT’S BLOODY LEGACY IS STILL FELT

  The Russian arms dealer swapped for Brittney Griner was...

SIERRA LEONE: OPPOSITION APC MEMBERS ARREST TWO ‘POLICE OFFICERS’ WITH SEVERAL BALLOT BOXES

FREETOWN – As Sierra Leoneons anxiously await the results...

Share post:

EXCLUSIVE INTERVIEW

OPINION

AMERICA’S NEGLECT OF LIBERIA: A CALL FOR CHANGE

An Opinion By Bishop Dr. Rudolph Q. Kwanue, Sr A...

AMID AN UNENDING WAR AGAINST POVERTY, INJUSTICES – HAS THE PROGRESSIVE STRUGGLE BECOME LOST IN TRANSLATION?

A Patriot's Diary With Ekena Wesley What manner of Liberian progressives...

HAS PRESIDENT BOAKAI’S GOVERNMENT BEGUN BEARING GOOD FRUITS? (PART1)

By Jacob N.B. Parley Following a careful reflection, I have...

ELEVATING THE AG BIBLE COLLEGE TO A UNIVERSITY: A MILESTONE ACHIEVEMENT

By Jacob N.B. Parley After many years of successful preaching...

THE DILEMMA OF PRESIDENTIAL SUPREMACY IN LIBERIA: EXAMINING THE BALANCE OF POWER

By Dr. Clarence R. Pearson, Sr. Superior presidency is the...

THE GALLERY

spot_imgspot_img

MORE ARTICLES

spot_imgspot_img

MORE NEWS

LATEST DEVELOPMENT NEWS

LATEST CRIME NEWS

Share via
Copy link