MONROVIA, LIBERIA-Liberia Revenue Authority (LRA) has won a 1.59 million United States Dollar Tax case against the Liberia Agricultural Company (LAC).

 It followed a ruling by the Supreme Court in a long-standing tax dispute between LRA and LAC.

The Court affirmed the legality of LRA’s position regarding the application of advance income tax provisions under the Revenue Code of Liberia.

In a release, the Supreme Court’s decision clears the way for the collection of more than one million, five hundred and ninety-eight thousand dollars in lawful tax obligations.

Meanwhile, LRA Commissioner Dorbor Jallah said,” The revenue secured belongs to the Liberian people, and forms part of a broader effort to strengthen fiscal sustainability”.

At the same time, the Country Representative of the International Monetary Fund, Joel Okwuokei, says the LRA is a critical pillar to Liberia’s national development trajectory.

Okwuokei said,” It was for the LRA to get sustained professional development to improve operational efficiency and strategic impact”.

He made the comments on Monday when he presented a broad range of specialized training and capacity-building opportunities at the Liberia Revenue Authority headquarters in Paynesville.

‎The program covers macroeconomics, fiscal policy, monetary policy, exchange rate policy, public finance management, financial sector policies, inclusive growth, and digital transformation.

Meanwhile, LRA Commissioner General Dorbor Jallah expressed sincere gratitude to the IMF for the opportunities, noting that the training programs will enhance LRA’s institutional capacity.