The Open Society Initiative of West Africa (OSIWA) has approved a US$498,000 grant to the Liberia Revenue Authority (LRA) to help bolster the authority’s domestic resource mobilization drive.
The grant agreement was recently signed between Rue Ibrahima, Head of OSIWA Dakar Office and Mrs. Elfrieda Stewart Tamba .
The Vera Mshana OSIWA-led mission in 2016 and the local office team were instrumental in consummating the grant.
The Grant will be released to the LRA in three tranches over a period of 18 months.
LRA Commissioner General Tamba has applauded OSIWA for the grant. She indicated that the grant will be used to conduct an audit in the maritime sector, develop a framework for tax expenditure reporting and produce the first comprehensive tax expenditure report to include both customs and tax and accelerate the preparation of LRA Practice Notes.
According to the LRA Chief Executive Officer, the funding will support tax awareness by the establishment of over 10 tax clubs in schools across the country.
This move is intended to begin to sensitize tomorrow workforce of the importance of taxation and paying taxes as a civil responsibility.
The long-term aim is to facilitate voluntary compliance and a positive tax attitude for paying a fair share of lawful taxes thereby ensuring sustainable development for mama Liberia.
In a related development, the Liberia Revenue Authority (LRA), through its Customs Compliance and Enforcement Division, has discovered about 20 fake revenue instruments in the last few days.
The LRA says that it has observed that there is a grand syndicate in the production of fake revenue instruments including vehicle registration, driver’s license certificates, government flag receipts, customs documents, as well as business registration documents that were discovered during a two-days.
Two of those persons involved in the production of these fake revenue documents and robbing the country of legitimate revenues have been forwarded to the Liberia National Police for further investigation.
Most of those involved in the unscrupulous acts are reported to be expeditors and employees of government ministries and agencies, who are conniving with other fraudsters outside. The criminal act extends beyond vehicle and business registration certificates.
The LRA is meanwhile calling on the public to help stand up against this threat to economic development of mama Liberia by reporting all such acts to the LRA. The LRA is also warning that those criminals involved will not escape with impunity.