The Chief Executive Officer of the Public Procurement and Concessions Commission (PPCC), James Dorbor Jallah, has challenged entrepreneurs in the private sector to meet up with their tax obligations quarterly.
Jallah warned that companies that do not regularize their tax obligations with the Liberia Revenue Authority (LRA) will not be allowed to participate in government contract bidding process during the 2015-2016 fiscal year.
The PPCC official made the statement Thursday at a one-day workshop on public procurement for the private sector organized by the PPCC at the Monrovia City Hall.
He indicated that the law establishing the PPCC indicates that all taxes and relevant documents of companies and business entities should be made available to the PPCC before they are eligible to participate in the bidding process for government contracts.
The PPCC Chief Executive noted that it is critical for business entities to comply with these measures to guarantee their full participation in the bidding process, noting that no entity will be given preferential treatment.
Jallah observed that the requirement for business entities to be listed on the Vendors’ Register will enforce tax compliance and result in revenue generation thereby enlarging the resource envelope to enhance national development.