Published: April 18, 2025
Monrovia – Tax practitioners and legal experts convened on Wednesday, April 16, 2025, at the Liberia Chamber of Commerce to kick off a two-day validation workshop of a draft Act seeking to amend the Public Authorities Law to create the Liberian Institute of Tax Practitioners (LITP).
The proposed establishment of the LITP is a timely and strategic response to the evolving global tax environment, driven by rapid technological advancements and increasing complexities in tax administration. The initiative seeks to bridge critical gaps in Liberia’s tax ecosystem and support the Government’s efforts to deliver efficient and taxpayer-centered services.
When enacted, the LITP will operate as a professional tax institution, with the mandate to train, educate, and regulate tax practitioners and advance tax services in Liberia. Its goal is to enhance voluntary tax compliance, improve revenue collection, and strengthen the overall fiscal policy framework of the country.
Speaking at the opening ceremony, Cllr. R. McDonald Garnett, Sr. Acting President of the LITP, described the validation as a “key milestone” in institutionalizing the body and aligning it with international standards and practices. He urged participants to thoroughly review the proposed legal framework and provide substantive inputs to ensure the act’s robustness and relevance.
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