Monrovia – A delegation from the Rwanda Revenue Authority (RRA) is in Liberia on the invitation of the Liberia Revenue Authority (LRA) to provide best practices and technical assistance in risk and compliance management.
While in Liberia, the experts from the RRA have presented standards and best practices to enhance LRA’s technical capacity in tax compliance management.
During a technical engagement on Thursday, December 7, the RRA delegation shared experiences with LRA on ways of structuring risk engine as a driver for strengthening compliance management. Discussion also covered alternative structures for administering the risk program institutionally.
The delegation is headed by Mr. Munyentwali Gadi, RRA Deputy Commissioner General for Compliance and Risk Management and Ms. Nicole Dakuba, an IT expert.
Their mission to Liberia was facilitated by the International Monetary Fund (IMF) through its Fiscal Affairs Department (FAD), and AFRITAC West 2
Both experts worked with the LRA Team responsible for Enterprise Risk Management and the Operational Risk Teams from both Domestic Tax and Customs.
On August 24 2017 in Kigali, the two revenue bodies entered into a knowledge sharing MOU .The visit is an actualization of the intent of the MOU.
LRA Commissioner General Elfrieda Stewart Tamba welcomed the Team from Rwandan and lauded the ongoing collaboration with the RRA.
She stated that the partnership with RRA would help the ongoing technical transformation underway at LRA. CG Tamba also thanked the IMF for approving LRA request for the Rwandans.
The Rwandans formed part of the IMF FAD Mission currently underway at the LRA.
Meanwhile, Liberia Revenue Authority (LRA) Commissioner General Elfrieda Stewart Tamba has emphasized that domestic resource mobilization is a major pillar for any economic development in Liberia.
The Commissioner General says in order for the LRA to effectively and efficiently administer revenue mobilization in the country, there is a need for the Government to ensure appropriate and adequate smart investment.
The CG was speaking Wednesday (Dec 6) when Public Policy students from the College of Dartmouth in the United States visited the headquarters of the LRA and held talks with the Executive Management team of the Authority. The delegation includes 14 students and a professor.
The students, who are conducting research in Liberia on the economic road map for development, selected the LRA as one of the institutions to form part of their research.
The students’ visit to Liberia is to conduct an empirical study in an effort to provide information for the purpose of crafting a roadmap for development.
In a meeting with CG Tamba and team, the delegation discussed wide range of issues and prospects on domestic resource mobilization in Liberia.
Key issues discussed ranged from voluntary tax compliance, reforming Liberia’s tax policy regime, and support to the LRA for enhancing tax administration efficiency, and possible ways to strengthen legitimate trade facilitation.
The economic development road map is expected to present policy options that could help bolster economic development.
Meanwhile, the team expressed warm appreciation for the reception given by the LRA.
The head of delegation Professor Charles Wheelan thanked the LRA and promised to share the findings from the study with the LRA to strengthen key departments in its transformation and modernization process.