The Organization for Economic Co-operation and Development (OECD) and the African Tax Administration Forum (ATAF) on Tuesday (June 19) signed a renewal of their Memorandum of Understanding (MoU) until June 2023, agreeing to continue to work together to improve tax systems in Africa.
The OECD is an intergovernmental economic organization with 37 member countries, founded in 1961 to stimulate economic progress and world trade, while ATAF established in order to create a platform to promote and facilitate mutual cooperation among African Tax Administrations and other relevant and interested stakeholders with the aim of improving the efficiency of their tax legislation and administration.
The MoU sets their co-operation towards the achievement of the common objective of promoting fair and efficient tax systems and administrations in Africa, including Liberia which is a key member.
Liberia Revenue Authority (LRA) Commissioner General Elfrieda Stewart Tamba is an Executive Council Member of ATAF. ATAF has contributed to improving tax administration in Liberia, through the strengthening of capacities and support to other initiatives.
Logan Wort, Executive Secretary of ATAF, stated that, “ATAF has made tremendous strides in its ability to offer concrete and tangible benefits to member administrations. Our targeted technical assistance work in stemming Illicit Financial Flows(IFFs) that erode Africa’s tax base in key sectors, has begun to bear fruit and is a key driver in advancing Africa’s development Agenda 2063. Our two organizations enjoy a special relationship that has contributed to the sharing of knowledge and the development of better tax policy for Africa and technical skills of African revenue administrators.”
“It has been a privilege to partner with ATAF in the past nine years,” said Pascal Saint-Amans, Director of the OECD’s Centre for Tax Policy and Administration. “Our work with African countries is an essential component which helps us to develop new international tax standards.” Domestic resource mobilization (DRM) is essential to reach the Sustainable Development Goals (SDGs). The Addis Ababa Action Agenda (AAAA) also recognized the universal nature of the tax challenges of the 21st century.
The Memorandum was signed on the occasion of a meeting between the two organizations in Pretoria, South Africa.