Large Importers to Benefit from Tax Compliance


first_imgThe Liberia Revenue Authority (LRA) has officially launched the Compliant Traders Program (CTP) that will provide better business opportunities and services to large importers and exporters with strong tax compliance. The CTP is consistent with the LRA’s strategic objectives to facilitate legitimate trade and collect lawful revenue.Speaking recently at the launching ceremonies held at the LRA Headquarters, Mrs. Decontee King-Sackie, Deputy Commissioner General for Technical Affairs stated that the LRA was doing this “In recognition of traders/importers’ compliance and to promote voluntary self-compliance”.Mrs. King-Sackie said the program “seeks to provide trade facilitation benefits to those importers/ taxpayers with strong history of compliant behavior through the ASYCUDA Selectivity Program”.ASYCUDA is a computerized customs management system which covers most foreign trade procedures. The system handles manifests and customs declarations, accounting procedures, and generates trade data that can be used for statistical economic analysis.At least 43 companies were selected to commence the program. They include 25 of the largest importers and 18 concessionaires. The launch was attended by the major importers and exporters as well as top business entrepreneurs. The Compliance Traders Program will specifically benefit businesses that show compliant behaviors such as ensuring that all their imports and exports are fully aligned with the governing rules through availability of records, and are fully compliant with domestic tax payment and filing requirements on a timely and accurate basis, a press release said.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

200 MORE HOMES LOSE POWER IN LIGHTNING STRIKES


first_imgTWO hundred more homes have been cut off by lightning strikes.The customers affected are in the Fahan/Ballymacarry/Burnfoot areas of Inishowen.More than 100 customers outside Ballybofey were hit earlier this afternoon. The Inishowen homes should be reconnected by 8pm. 200 MORE HOMES LOSE POWER IN LIGHTNING STRIKES was last modified: July 24th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalInishowenpower cutslast_img read more