The Liberia Revenue Authority (LRA) is calling on local employees and service providers working with foreign embassies in the country to abide by the Liberia Revenue Code by paying their personal income tax, real estate tax and business income tax.
The LRA says the tax exemptions and related immunities extended to the diplomatic missions do not apply to local employees working with those missions or persons and the businesses that are providing services to them.
The awareness from the LRA is triggered by widespread tax evasion among local employees and service providers of several foreign embassies accredited to Liberia.
The local employees and service providers of various embassies accredited near the Capital are obligated to declare their own incomes even if their employers do not do so and to accordingly pay all of their taxes including real estate tax.
Under the Liberia Revenue Code Sections 90, 91 and 92, a person who willfully evades or attempts to evade tax, knowingly disregards his/her tax obligations, or knowingly fails to obtain required license or registration, commits a criminal offense. Upon conviction, in addition to any other sanctions that may be provided by law, the person is subject to a fine of not more than $200,000; imprisonment for not more than 5 years; or both.
The LRA through this medium expresses thanks to the European Union(EU), International Monetary Fund(IMF), Sweden and other cooperating embassies for the collaboration in its strives to collect the lawful revenues due the people of Liberia.
This release and other LRA related information are also available at www.lra.gov.lr