The Liberia Revenue Authority (LRA) and Sierra Leone's National Revenue Authority (NRA) have signed a Memorandum of Understanding (MoU) aimed at strengthening cross-border tax compliance and enhancing information sharing. The agreement, titled the Memorandum of Understanding on Simultaneous Tax Examinations (STE), was signed in Freetown by LRA Commissioner General James Dorbor Jallah and NRA Commissioner General Jeneba Bangura on the sidelines of the 13th IMF AFRITAC West 2 Steering Committee Meeting. The MoU is aligned with the ECOWAS Supplementary Act on Mutual Administrative Assistance in Tax Matters. According to newspublictrust.com, the initiative establishes a framework for coordinated tax examinations involving taxpayers and businesses operating in both Liberia and Sierra Leone. Allafrica.com reported that the agreement provides for simultaneous tax examinations of individuals and companies whose cross-border operations may have tax implications in both jurisdictions.