Government of Liberia Signs Agreement With TRACOM Liberia, Ltd. For the Development, Installation and Operations of an Electronic Fiscal Device SystemMonrovia – The Government of Liberia (GoL) represented by members of the Inter-Ministerial Concession Committee (IMCC) namely, the Liberia Revenue Authority (LRA), National Investment Commission (NIC), Ministry of Commerce and Industry (MOCI), and Ministry of Finance and Development Planning (MFDP) have signed a Framework Agreement for the development, installation, and operations of an Electronic Fiscal Device System (EFDS) within Liberia. The electronic system will enable the Government to install electronic fiscal devices to track the daily transactions and sales records of businesses in Liberia. He said the introduction of the electronic fiscal device for tracking sales data of businesses marked the beginning of more important undertakings to be initiated to promote accountability and enhance revenue collection. He assured the commitment of TRACOM Liberia Limited to diligently implement the electronic fiscal device project so as to yield the results intended. The fiscal device system implementation will be fully led by the Liberia Revenue Authority and supported by the Ministry of Commerce and Industry.

Source: Front Page Africa November 23, 2020 05:47 UTC