Tax Institute Hosts Induction Dinner Tomorrow

All is set for the induction of the leadership of Liberia’s Institute of Tax Practioners. The induction dinner will be held at the Executive Pavilion on Saturday February 8th at the precise hour of 6pm.

Finance Minister Amara Konneh will deliver the keynote speech. The Judge of the Commercial Court Eva Mappy Morgan will serve as the installing officer of the first corps of leaders of Tax Practioners in the country.

The three inductees include: Baker Tilly Liberia Managing Partner, Theophilus Dekonty Joseph as President; Atty. R. Macdonald Garnett- Vice President and Mrs. Juanita Traub -Bropleh Treasurer.

Other sub regional and continental dignitaries are already in the country to grace the occasion.

This ground breaking initiative is a culmination of efforts of Liberian professionals in the tax industry with goodwill from the Ministry of Finance.

Tracing the background of this development, the organizers of the event disclosed that:

“on October 30, 2012, the Ministry of Finance set up a steering committee for the establishment of an Independent     Tax Institute, which included the Liberia Institute of Certified Public Accountants (LICPA), Liberia Chamber of Commerce, Liberia National Bar Association (LNBA), Liberia Business Association (LIBA) and the Ministry of Finance.”

It has been further disclosed that essentially the LITP will hence forth serve as the sole body for the certification of Tax Professionals in Liberia by promoting the taxation profession, administering examinations and certifying qualified persons.

In this regard the issue of professional and ethical standards will be stressed in building the integrity and public confidence.

As a member of the sub regional West Africa Union of Tax Institutes and the Association of Africa Tax Institutes, LITP will foster and sustain network partnering for the benefit of the country.

In Liberia’s quest for the maximization of revenue to respond to her post war challenges, tax education based on equity are cardinal for success.

It is in the vein that LITP will be committed to proving its mark, it has been reassured.