MONROVIA – The Liberia Revenue Authority (LRA) and South Korea’s National Tax Service (NTS) have signed three major cooperation agreements aimed at strengthening tax administration, enhancing digital transformation, and expanding international tax cooperation between the two countries.
The agreements were signed during the first-ever Korea–Liberia Commissioner Generals’ Meeting held in Seoul, South Korea, between LRA Commissioner General James Dorbor Jallah and NTS Commissioner General Lim Kwang-hyun.
The meeting marked a historic milestone as the first high-level engagement between South Korea’s National Tax Service and an African tax administration, signaling a new chapter in tax cooperation between Korea and Africa.
The agreements, signed in line with the Convention on Mutual Administrative Assistance in Tax Matters, focus on the exchange of tax information, mutual assistance in recovering tax claims, and capacity building and technical cooperation.
Under the agreements, the two institutions will work closely to combat offshore tax evasion, identify concealed assets, recover overseas assets linked to tax delinquents, improve tax compliance, and facilitate the exchange of information needed to strengthen revenue administration in both countries.
The partnership is expected to support Liberia’s efforts to modernize its tax administration system by improving compliance mechanisms, enhancing taxpayer services, and accelerating digital transformation initiatives.
Speaking during the signing ceremony, Commissioner General James Dorbor Jallah described the agreements as a major achievement for the LRA’s modernization agenda.
“These agreements mark a significant step in our efforts to build a modern, technology-driven revenue administration. Through this partnership, we will strengthen institutional capacity, improve compliance, and accelerate our digital transformation agenda,” Jallah said.
He noted that the agreements reflect the LRA’s commitment to innovation, stronger international partnerships, and the adoption of global best practices aimed at building a modern, efficient, and responsive revenue administration capable of meeting Liberia’s growing domestic revenue needs.
For his part, NTS Commissioner General Lim Kwang-hyun welcomed the agreements and pledged his institution’s full support for their implementation.
He emphasized the importance of timely information sharing and cooperation in recovering unpaid taxes, particularly in addressing offshore tax evasion and asset concealment schemes involving major tax delinquents.
Commissioner General Lim also called for stronger collaboration in identifying hidden assets, enhancing international tax enforcement efforts, and improving the recovery of outstanding tax liabilities.
During the visit, members of the Liberian delegation toured several major South Korean industrial facilities in the steel and electronics sectors to gain firsthand knowledge of the country’s technological advancement, industrial growth, and economic transformation.
The mission forms part of the Liberia Revenue Authority’s broader strategy to modernize revenue administration, strengthen domestic revenue mobilization, expand international cooperation, and support Liberia’s economic development agenda through innovation, institutional excellence, and improved taxpayer service delivery.
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