LRA PILOTS NEW DIGITAL TAX PAYMENT SYSTEM IN BASSA

Date:

LIBERIA – The Liberia Revenue Authority (LRA) has begun piloting its new digital system, the Liberian Integrated Tax Administration System (LITAS) in Grand Bassa County.

The system seeks to digitalize different tax payment processes and procedures and to enhance transparency in tax administration in the country.

With LITAS, the Buchanan Tax Business Office (TBO) will have the ability to electronically ensure, among others, taxpayers’ registration, recording of payments, and issuing of system-generated receipts.

Taxpayers, regardless of the category, will be able to view their tax transactions and balances and perform return filing as well as view their compliance level.

The LRA has already conducted a series of training with staff at the Buchanan TBO and equipped the office with the required logistics to ensure that tax-paying processes through LITAS are easier and more convenient for taxpayers.

Speaking at a two-day training of LRA staff on the use of the system in Buchanan, LRA Manager of Modernization Ambrose Bonney said the new system will not only boost transparency but will further reduce turnaround times of transactions for both the tax collectors and payers.

The staff of the Liberia Business Registry and the Ministry of Commerce and Industry formed part of the training to enhance collaboration in their respective duties.

Grand Bassa is the second county, where the LRA has trained staff to use the new digital system which will eventually move across the country.

The LRA officially launched LITAS in Monrovia on October 1, 2022, initially for large taxpayers and selected medium taxpayers.

The pilot implementation has been concentrated mostly on taxpayers situated in Montserrado County and natural resource taxpayers whose operations are outside of Montserrado County.

smartnews
Smart News Liberia is an online news outlet, a product of Smart Media Group Inc. smartnewsliberia.com publishes a wide range of content including politics, business, sports, and entertainment on and about Liberia. Contact: +231777425285/ 886946925 Email: info@smartnewsliberia.com/ smartnewsliberia@gmail.com

MORE NEWS

PUL EX-LEADERS PUSH FOR TRAVEL BAN TO BE IMPOSED ON OFFICIALS OF WEAH’S GOV’T

Two ex-leaders of the journalists’ umbrella organization, Press Union...

US TREASURY SANCTIONS PEOPLE IN 9 COUNTRIES FOR HUMAN RIGHTS ABUSES

The U.S. Treasury's ’s Office of Foreign Assets Control...

LIBERIA: CSO COUNCIL DEMANDS IMPARTIAL INVESTIGATION INTO DEATH OF JOSHUA SOLOMON

MONROVIA – The National Civil Society Council of Liberia...

LIBERIA: GGAA SADDENS OVER THE DEATH OF REP. EROL MADISON GWION

The Grand Gedeh Association in the Americas (GGAA) is...

PRESIDENT WEAH DISMISSES TWO COMMERCE MINISTRY OFFICIALS

MONROVIA – President George Manneh Weah has with immediate...

ECOWAS COURT DELIVERS JUDGEMENT ON VIOLATION OF LIBERIAN PARTY’S RIGHTS

By Maina Maina The ECOWAS Court of Justice has delivered a...

ALJA COMMENDS LIBERIANS ON THE SUCCESSFUL AND PEACEFUL CONCLUSION OF PRESIDENTIAL ELECTION

The Association of Liberian Journalists in the Americas (ALJA)...

FORMER NIC CHAIRMAN PAYGAI CONGRATULATES BOAKAI

MONROVIA – Dr. Q. Somah Paygai Sr., former Chairman...

LIBERIA: CDC SECRETARY GENERAL RALLIES PARTISANS TO AVOID ANTI-PEACE ACTIONS AFTER ELECTION

MONROVIA – The Secretary General of Liberia’s ruling party,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SPEECH

LEGAL

spot_imgspot_img

COUNTY NEWS

COMMENTARY
COMMENTARY

Share via
Copy link
%d