Monday, January 30, 2023
  • Login
Bong TV Online Newspaper
No Result
View All Result
No Result
View All Result
Bong TV Online Newspaper
No Result
View All Result
Home Education

WAEC Liberia, LRA Hold Tax Compliance Consultative Meeting For Schools

Bong Tv by Bong Tv
August 10, 2022
in Education, Development, Government
0
WAEC Liberia, LRA Hold Tax Compliance Consultative Meeting For Schools
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

Authorities of WAEC Liberia and the Liberia Revenue Authority (LRA) on Monday, held a consultative meeting to discuss ways both institutions can further strengthen tax compliance regulations signed between LRA, WAEC, and the Ministry of Education for private schools across the country under a Memorandum of Understanding, MoU.

The meeting which was held at the Head Office of the LRA in Paynesville was intended for both institutions to look at challenges encountered in the implementation process of the Pilot phase of the MoU and to find ways in mitigating them.

It can be recalled that the three institutions in March 2021 signed an MoU aimed at ensuring that private schools operating in the country are tax compliant. It was observed that many of the schools were operating in blatant disregard to the Tax law by refusing to remit into government’s account the ten percent Withholding Taxes on teachers’ salaries and wages.

The MoU therefore intends to ensure that before a school register for any of the WAEC examinations it should be in possession of a valid Business Registration Certificate from the Liberia Business Registry, an up-to-date Operational Permit from the Ministry of Education, and Tax Clearance from the Liberia Revenue Authority indicating full compliance.

Speaking at the start of the meeting, LRA Commissioner General Thomas Doe Nah lauded WAEC for the level of cooperation exhibited in the implementation of the policy and hoped that the entity does more in the coming years, as its involvement in the pilot phase served as a boost to the exercise, as many schools have begun regularizing their statuses with the LRA.

Mr. Doe Nah noted that it is unfair for owners and administrators of schools to withhold ten percent of their teachers’ salaries and wages and are refusing to remit those monies to government through the LRA. He called on schools to adhere to this policy as it is intended not to punish them but to legitimize them.

For his part, WAEC Liberia Head of National Office, Dale G. Gbotoe thanked LRA for initiating such collaboration between and amongst the three institutions and pledged his institution’s fullest involvement to ensure that the objective of the MoU is fully achieved and sustained.

Mr. Gbotoe however informed the LRA Commissioner General that WAEC could not adequately implement its enforcement side of the MoU during the pilot phase due to insufficient time allotted for the exercise as well as delay on the part of the Liberia Business Registry to issue business registration certificates to schools.

He therefore pleaded with parties involved to play their roles adequately to give WAEC the strength to erect the necessary checkpoints during its registration exercise by ensuring it only accepts schools that are in right standing with the LRA and the Ministry of Education before they get registered.

The WAEC Head of National Office also stressed the need for a massive sensitization and awareness campaign to be carried out, as it has been agreed by both parties that the exercise will be rolling out in additional six counties: Bomi, Bong, Grand Bassa, Cape Mount, Margibi, and Nimba.

Mr. Gbotoe assured the LRA of his institution’s readiness to be part of all public engagements, awareness, sensitization, and outreach campaigns across the country to ensure that the objective of the exercise is adequately achieved.

At the close of the meeting, both institutions agreed to hold discussions with authorities of the Ministry of Education and Liberia Business Registry to resolve some of the issues that served as bottlenecks during the implementation of the first phase of the exercise.

Under the Memorandum of Understanding, the Ministry of Education is responsible to submit to the LRA a comprehensive list of all private schools that are issued permits on a semi-annual basis, while WAEC Liberia, under the MoU is responsible to ensure that all private schools registering their candidates present LRA issued Tax Clearance certificates and current permits from MoE.

WAEC is to also share with the LRA and MoE, data of all schools in its registry for each calendar year.

The LRA under the MoU is responsible to grant access to MoE to its Standard Integrated Tax Administration System for the purpose of validating fees paid for permits, develop tax education materials for civic education and outreach purposes amongst others.

Previous Post

Bong: ‘Blood Is On Their Hands”, Dr. Urey-Yarkpawolo Blast 54th Legislature

Next Post

Bong: ‘Teachers Welfare Is Paramount In Nation Building’, Dr. Urey-Yarkpawolo

Bong Tv

Bong Tv

Bong TV Online is one component of the Bong Media Hub and is mend for live streaming, live interviews, news writing, and publications. On overall, Bong TV is the social media component of the hub and is as well promoting the image of Bong County and its Citizens and as well good governance and peace across the country

Next Post
Bong:  ‘Teachers Welfare Is Paramount In Nation Building’, Dr. Urey-Yarkpawolo

Bong: ‘Teachers Welfare Is Paramount In Nation Building’, Dr. Urey-Yarkpawolo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected test

  • 86.2k Followers
  • 23.7k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Bong: Family Demands Justice Following The Discovery Of Their Son’s Lifeless Body

Bong: Family Demands Justice Following The Discovery Of Their Son’s Lifeless Body

September 29, 2022
Sports : Bong 2022-23 County Meet Buildup Continues

Sports : Bong 2022-23 County Meet Buildup Continues

December 8, 2022
Monrovia: Amidst US$ ‘100mn’ Drugs Saga, SONIT Liberia Inc. Set Record Straight  

Monrovia: Amidst US$ ‘100mn’ Drugs Saga, SONIT Liberia Inc. Set Record Straight  

October 7, 2022
President George Weah

Bong TV Launches Website In Central Liberia

July 23, 2022
President George Weah

Bong TV Launches Website In Central Liberia

4
Bong: UBCAA Graduates 64 Students In Computer Skills Training, Poise to Launch Two Additional Programs

Bong: UBCAA Graduates 64 Students In Computer Skills Training, Poise to Launch Two Additional Programs

2
Bong: Hundreds Benefit Free Treatment In Garnsulomah

Bong: Hundreds Benefit Free Treatment In Garnsulomah

2
Bong TV, UBCAA Sign Partnership Deal

Bong TV, UBCAA Sign Partnership Deal

1
Chinese Embassy Handover Tobeyville Primary School To Authorities

Chinese Embassy Handover Tobeyville Primary School To Authorities

January 30, 2023
‘No Impunity For Corruption’, Dr. George Gonpu Vows

‘No Impunity For Corruption’, Dr. George Gonpu Vows

January 30, 2023
‘Take Initiative To Benefit Society’, Jeety Urges Fellow Businessmen

‘Take Initiative To Benefit Society’, Jeety Urges Fellow Businessmen

January 30, 2023
UL Partner Launch Bachelor Degree Program In Fisheries

UL Partner Launch Bachelor Degree Program In Fisheries

January 27, 2023

Recent News

Chinese Embassy Handover Tobeyville Primary School To Authorities

Chinese Embassy Handover Tobeyville Primary School To Authorities

January 30, 2023
‘No Impunity For Corruption’, Dr. George Gonpu Vows

‘No Impunity For Corruption’, Dr. George Gonpu Vows

January 30, 2023
‘Take Initiative To Benefit Society’, Jeety Urges Fellow Businessmen

‘Take Initiative To Benefit Society’, Jeety Urges Fellow Businessmen

January 30, 2023
UL Partner Launch Bachelor Degree Program In Fisheries

UL Partner Launch Bachelor Degree Program In Fisheries

January 27, 2023
Bong TV Online Newspaper

Bong TV Online is one component of the Bong Media Hub and is mend for live screaming, live interview, news writing and publications.
On the overall, Bong TV is the social media component of the hub and is as well promoting the image of Bong County and its Citizens and as well good governance and peace across the country

Follow Us

Browse by Category

  • Business
  • Development
  • Diaspora
  • Editorials
  • Education
  • Election
  • Entertainment
  • Government
  • Health
  • Human Interest
  • Internatinoal News
  • Labour
  • Local
  • News
  • Opinion
  • Politics
  • Rule Of Law
  • Special Statement
  • Sports
  • Technology
  • Uncategorized

Recent News

Chinese Embassy Handover Tobeyville Primary School To Authorities

Chinese Embassy Handover Tobeyville Primary School To Authorities

January 30, 2023
‘No Impunity For Corruption’, Dr. George Gonpu Vows

‘No Impunity For Corruption’, Dr. George Gonpu Vows

January 30, 2023

© 2022 Bong Tv Online - Powered by Austine's Tech..

No Result
View All Result
  • Home
  • News
  • Politics
  • Entertainment
  • Editorials
  • Business
  • Sports

© 2022 Bong Tv Online - Powered by Austine's Tech..

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In