As a means of upholding the culture of standard tax administration, the Liberia Revenue Authority has certificated 13 professionals as licensed tax practitioners in Liberia, according to an LRA press release yesterday.
Tax practitioners are individuals who provide advice to taxpayers or any other person about the application of a Tax Act, or who assists with the completion of a return for taxpayers.
The certification comes on the heels of a rigorous vetting process in line with set standards as stipulated in the Act establishing the LRA.
Section 7, 2(i) of the LRA Act empowers the authority to license tax practitioners in the country.
The license will enable the practitioners to practice and adhere to professional standards and be legally recognized by the LRA as certified tax practitioners.
Speaking during the certification program on Tuesday (February 20) at the LRA headquarters in Paynesville, LRA Commissioner General Elfrieda Stewart Tamba said the process was a significant mark of transformation and achievement for the authority.
“The licensing of tax practitioners represents a major indicator and step towards our desire to strengthen and further professionalize the tax profession in Liberia,” CG Tamba indicated.
She reaffirmed LRA’s commitment to transform tax administration in the country by putting in place adequate regulatory measures and the relevant policy framework to enhance the operations of tax practitioners in the country.
CG Tamba challenged licensed tax practitioners to uphold the standards of their profession by ensuring commitment and fairness in their dealings with clients and the tax authority.
She urged the practitioners to exhibit high level of transparency in the exercise of their professional activities in making sure that government gets the requisite taxes from their clients, the taxpayers.
For his part, the President of the Liberia Institute of Tax Practitioners (LITP), Theo Joseph, thanked the LRA for the certification and called on practitioners to uphold the values of transparency and accountability in the performance of their tasks.
“As private tax practitioners, we have a responsibility to our government and our clients to ensure that we balance the dual agendas we have to perform,” he told his colleagues.
He encouraged other tax practitioners in the country to take advantage of the application process in order to obtain their licenses.
Joseph assured that the LITP will continue to collaborate with the LRA to foster the development of the country’s tax administration sector, the release concluded.