{"id":89397,"date":"2026-04-14T14:03:00","date_gmt":"2026-04-14T14:03:00","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners"},"modified":"2026-04-14T15:03:37","modified_gmt":"2026-04-14T15:03:37","slug":"president-boakai-signs-law-for-liberian-tax-practitioners","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners","title":{"rendered":"President Boakai Signs Law for Liberian Tax Practitioners"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>President Joseph Nyuma Boakai<\/p>\n

MONOVIA \u2013 Tax practitioners in Liberia are commending the Government of Liberia(GoL) and President Joseph Nyuma Boakai for signing into law a bill calling for the establishment of the Liberian Institute of Tax Practitioners LITP.<\/p>\n

The subsequent signing and publication of the Liberian Institute of Tax Practitioners\u2019 Bill on April 1 came after legislative consideration to allow the body to function as an autonomous government agency.<\/p>\n

President Boakai\u2019s decision now gives the Liberian Institute of Tax Practitioners the legal mandate to train, regulate and educate individuals on tax-related issues.<\/p>\n

In a statement issued on Wednesday, April 8, LITP\u2019s Acting Vice President, Arthur Fumba, said the move will help the government provide quality services to taxpayers and enhance voluntary tax compliance.<\/p>\n

Mr. Fumba assured the public of the Liberian Institute of Tax Practitioners\u2019 steadfast commitment to assisting the government with the dissemination of tax policies for the development of the Country.<\/p>\n

The Liberian Institute of Tax Practitioners is charged with establishing local, county, or regional chapters across Liberia with representatives and offices, both within and outside of the Country.<\/p>\n

Its sources of funding will include fees from individual members and institutions, monies provided by government subsidies through legislative approval, fees charged in the performance of the functions of the Institute, donations, and grants from national and international organizations.<\/p>\n

Officers of the Institute include Executive Director, Deputy Executive Director, Technical Director, Comptroller along with officers who will be recruited through a competitive process by the Executive Director, in consultation with the Council, based on established criteria.<\/p>\n

The Act establishing the Liberian Institute of Tax Practitioners also notes that the President, Vice-President, and the Council Person be elected into office by members of the Institute at an annual general meeting.<\/p>\n

It emphasized that the President, Vice President and Council Person, upon being elected to office, shall by that fact, be deemed to have also been elected as representatives of the Institute on the Governing Council.<\/p>\n

The Act further maintained that the President, Vice-President, and Council Person shall each hold office for a term of two years from the date of their election, and be eligible for a second term of two years.<\/p>\n

According to the instrument, the President is charged to serve as the chief spokesperson of the Institute, adding that such a person will preside over the meetings of members of the Institute.<\/p>\n

Session 5.5 of the Act is quoted as saying \u201cthe Council may confer the title fellow of the Liberian Institute of Tax Practitioners\u201d on a certified member of the Institute who has. acquired at least ten years of practical experience in taxation.<\/p>\n

It also charges the newly established autonomous government agency\u2019s council to confer the honorary title of Fellow of the Liberian Institute of Tax Practitioners on those who have made a significant contribution in furtherance of the objectives of the Institute.<\/p>\n

The Tax body is also mandated to ensure that any of its members caught in false declaration, including false practices as a Certified Tax Practitioner, who receive payment under pretenses for the practice of taxation, should be warned, suspended, fined and expelled.<\/p>\n

For More News And Analysis About Liberia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. President Joseph Nyuma Boakai MONOVIA \u2013 Tax practitioners in Liberia are commending the Government of Liberia(GoL) and President Joseph Nyuma Boakai for signing into law a bill calling for the establishment of the Liberian Institute of Tax Practitioners LITP. The subsequent signing and publication of the Liberian Institute of Tax Practitioners\u2019 Bill […]<\/p>\n","protected":false},"author":84,"featured_media":89395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234],"class_list":["post-89397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-liberia"],"yoast_head":"\nPresident Boakai Signs Law for Liberian Tax Practitioners - Liberia<\/title>\n<meta name=\"description\" content=\"President Joseph Nyuma Boakai MONOVIA \u2013 Tax practitioners in Liberia are commending the Government of Liberia(GoL) and ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Boakai Signs Law for Liberian Tax Practitioners\" \/>\n<meta property=\"og:description\" content=\"President Joseph Nyuma Boakai MONOVIA \u2013 Tax practitioners in Liberia are commending the Government of Liberia(GoL) and ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-14T14:03:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-14T15:03:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2026\/04\/sm_1776166215.371962.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"President Boakai Signs Law for Liberian Tax Practitioners\",\"datePublished\":\"2026-04-14T14:03:00+00:00\",\"dateModified\":\"2026-04-14T15:03:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners\"},\"wordCount\":539,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2026\/04\/sm_1776166215.371962.jpg\",\"keywords\":[\"Liberia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/president-boakai-signs-law-for-liberian-tax-practitioners\",\"name\":\"President Boakai Signs Law for Liberian Tax Practitioners - 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