Mr. Robert Quaye Dwuye, Jr.

ECOWAS Holds Tax Expenditure Report on GST in Liberia

Mr. Robert Quaye Dwuye, Jr.

The Director of Indirect Tax Unit at the Ministry of Finance and Development Planning (MFDP) Mr. Robert Quaye Dwuye, Jr. has said that Liberia is part of African countries that should be on par with other West African countries in term of tax expenditure.

 He was speaking on Monday,  May 22, 2023  during  the opening  of a  three- day  workshop   for production of  the first tax expenditure  report on the GST in Liberia  at the Bella Casa Hotel

in Monrovia. Mr. Dwuye said  the purpose of tax expenditure  forum is  to align  Liberia  tax expenditure  regime  with  ECOWAS   Directive to  ensure  that  those  countries  report accurately on tax expenditure.  

He said the Tax expenditure report is to assist the government of Liberia in properly reporting on tax expenditure which is revenue performance in some sectors to encourage investment in the country.   

 Director  Dwuye  noted  that the Economic  Community  of West  African States  (ECOWAS ) through  the programne  appuia transition  fiscal (PATIF) is  very much interested in ensuring that  government expenditure is in  line  with our national objective .   

He further said ECOWAS is very interested in training all West African countries reporting tax expenditure within the given countries.

According to Director Dwuye, tax expenditure has three key components that deal   with tax compliance or   revenue as well focus on the development purposes.

He said   the overview   of the tax expenditure entails   context of the new directive on the harmonization of the methodology for the evaluation of tax expenditure in ECOWAS   member states.

 Meanwhile, Director Quaye noted that the implementation status of the recommendation of the previous tax expenditure workshop was held in May 2022.

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