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Tracom Services Limited through its Liberian subsidiary signs an agreement with the Liberian Government to digitize Tax Administration and Collection

Tracom Services Limited, the leading payments provider in Africa, has signed an agreement with the Government of Liberia. Under the agreement, Tracom Services Limited  will deploy its Electronic fiscal device management solution (EFDM) that will monitor and track transactions and sales records of businesses in Liberia.

The project was initiated in 2018 by the Ministry of Commerce and following an International Competitive Bidding process, Tracom Services Limited  emerged as the most competitive having demonstrated a strong track record, remarkable technical expertise, and sufficient financial capacity.

The EFDM solution comprises of a Tax management solution known as “Miliki” and Electronic fiscal devices (ETRs)

Miliki will aggregate sales data from local businesses such as supermarkets, shops, hotels, and other business ventures. The aim is to boost revenue collection by promoting accountability and transparency in the filing and payment of General Services Tax.

Miliki will increase revenue collection for the Government of Liberia by improving efficiency in tax administration and entrenching professionalism amongst public and private sector actors and also create thousands of direct and indirect jobs especially for local IT firms to carry out on-site and off-site maintenance services for twenty thousand electronic fiscal devices to be deployed at various businesses across the country.

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