Ministry of Finance Launches Revenue Website in Liberia
The Ministry of Finance has taken another giant step to modernize its tax administration and revenue-generating schemes after officials formally launched the Ministry's Revenue Department website Friday (Oct. 15). The website (www.revenue.gov.lr) provides a one-stop-shop for information about the Revenue Department of the Ministry of Finance.
Launching the website, Deputy Finance Minister for Revenue Elfrieda Stewart Tamba said with just one click, visitors will have at their disposal a wide range of information including customs clearance processes and procedures, requirements and procedures for Duty Free tax information and other tax education and procedures for the payment of all tax kinds. "You can also read the Revenue Code of 2000 and be informed on the legal basis for taxation as well as day-to-day operations of the Department of Revenue," she said.
Minister Tamba also applauded the launch of the Integrated Tax Administration Services (ITAS), which will automate tax administration processes. The Deputy Minister said in the current modern age, Liberia cannot afford to stay behind, while other nations are transforming their ways of doing things.
She said the revenue website will enable people (in and out of the country) quickly and easily get information about revenue and tax administrations without necessarily going to the Ministry of Finance.
She described the two modern programs as a giant leap forward in transforming the Ministry of Finance, and hailed those who have worked to make the programs a success. ITAS or the Integrated Tax Administration System will automate Tax administration processes, according to officials.
The program covers all aspects of tax administration including Tax payers' registration, declaration, processing, assessments, enforcement, penalties and interests calculations, audit, refunds and revenue accounting, among others, in one integrated system, Marc Kamel, Vice President of Tax Reform and Modernization of CRC Sogema, an international reform partner of the Ministry said. He said the program which is very effective is being used in several countries globally and about six countries in Africa.
The system is user friendly, secured and will manage processes of tax administration in a single centralized system and database. The eTax module is designed to reduce the cost of compliance to tax payers and improve the level of services provided by the Revenue Department to taxpayers while enhancing communication between taxpayers and the Revenue Department, Kamel explained.
"It is an integrated solution; it is a holistic and sustainable approach to generating revenue and will greatly helps Liberia," added Etienne Poulin, an executive of CRC Sogema.