Republic of Liberia vs Afric Diam Company Inc. (12/19/2025)
The records before us reveal that the Liberia Revenue Authority (LRA), acting in its statutory capacity under the Revenue Code of Liberia, Title 36 of the Liberian Code of Laws Revised, conducted a tax audit of respondent covering the fiscal years 2011–2015. Following the audit, the LRA assessed the respondent with a tax liability amounting to US$2,517,535.51, comprising of penalties and interest.
The respondent objected to the assessment, and an administrative review was conducted, resulting in the confirmation of the tax liability of US$2,517,535.51 found by the auditors. Dissatisfied, the respondent failed to settle the assessed amount, whereupon the


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