Special Prosecutor recommends stopping ITLA’s
Says no criminal culpability of public officials issuing ITLA
By: L.N. Reklai
April 27, 2017 (Koror, Palau) An audit report released by Office of Public Auditor (OPA) citing number of findings on collection of Import and Excise Taxes on Tobacco products, one of which noted that imported goods were released upon partial payment of taxes with an Import Tax Liability Agreement (ITLA). ITLA allows importer to make partial payment on their import tax and sign an agreement to pay the rest in installments.