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Liberia news

Ellen Foresees Stress for Accountants

President Ellen Johnson Sirleaf says as the government begins to roll out on personal income tax, accountants here are going to face a lot of work in helping individuals and business entities to do proper business planning and put in place proper financial management systems.

Ellen Foresees

President Sirleaf said Thursday, 13 October at the launch of Price Waterhouse Coopers Advisory Liberia office on 9th Street, Sinkor that it was now going to take a lot of work on the part of accountants to help people to be able to file their income tax.

She welcomed the opening of accounting firm, Price Waterhouse Coopers or PwC, headquartered in London, and pledged that the government will work with them by giving the support that accountants would need to provide good accounting services to the nation.

While urging the Liberia Revenue Authority or LRA to work on the tax collection aspect, President Sirleaf said it was needless to say that PwC – now a Liberian company, will also have to file its income tax to the LRA as well.

She applauded the firm and partners that have worked with it and all those who gave them the support to reach at the current level, providing larger Service to Liberians. At the same time, President Sirleaf has expressed the hope that the General Auditing Commission or GAC will form relationship with some of the accounting firms, including PWC that has now met the government’s requirement of being in Liberia. PwC Country Senior Partner for Liberia, Mr. Taweh Jefferson Veikai, said the accounting firm will work with the Liberia Institute of Certified Public Accountants or LICPA to develop industry-ready professionals.

He said PwC does not only audit, but also helps solve problems, provide advisory services and deal with complicated issues like climate change and among others. LICPA President Arthur Fumba expressed gratitude to President Sirleaf for what she has done for accountants here, expressing joy over the presence of PWC to Liberia. According to him, it will play a key role to revive the economy.

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He had complained that a bunch of foreign accounting firms only care is to come here and put money in their suitcases and go back to their countries with no care about what happens to Liberia.

He urged Liberians to tell foreign firms “if they want our money,” let them “come and be with us in Liberia,” as he praised PWC for mobilizing accountants from university campuses here.

By Winston W. Parley

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