As part of ongoing outreach exercises to provide awareness for medium and small taxpayers, the Liberia Revenue Authority (LRA) continues its partnership and enlightenment engagement with the Fula Business Community, with the latest meeting taking place on Bushrod Island. The last meeting was held in the Red Light community.
According to an LRA release, the awareness, which took place on Sunday, December 17 at the Douala Market, was facilitated by Sebastian Weah, Assistant Commissioner for Medium Tax Division; Abel Kertuah, Supervisor for Medium Tax; and Prince Williams, Supervisor for Small, Rural and Micro Tax.
The aim of the engagement was to provide information on the need to voluntarily comply with the registration process, filling payment and reporting requirements.
The business community in Douala, like their counterparts in Red Light, did — three weeks ago — make similar recommendations aimed at improving collaboration, facilitating trade and engendering voluntary tax compliance.
Key recommendations from the gathering include the LRA providing more education on the calculation of Presumptive Tax or 4% on rice, cement, and gasoline; the LRA providing more information on when and how a business is qualified to be audited; the LRA periodically carrying out awareness in every major business community; and reducing the timeframe in issuing tax clearances.
They also recommended the presence of customs authorities to respond to questions and provide clarity on customs-related matters associated with their businesses.
Assistant Commissioner Sebastian Weah welcomed the recommendations and said that the LRA management will implement them, adding that the LRA will continue the voluntary tax compliance engagements with all relevant stakeholders.