HomeGOLLRA raises US532Millionfor fiscal year 2020/2021 in domestic revenues generation

LRA raises US532Millionfor fiscal year 2020/2021 in domestic revenues generation

MONROVIA, LIBERIA – The Liberia Revenue Authority says it has for the first time since 2014 experienced a significant upturn in government’s revenue collection.

Figures show that over US532 Million was raised for fiscal year 2020/2021, one of the highest domestic revenue performances in recent years.

In an ELBC interview Monday, August 23, 2021, LRA’s Manager for Communication, Varfee Holmes said the impressive increment shows the public’s awareness and compliance in paying taxes.

Mr. Holmes added that the LRA has adopted an Integrated Tax Administration System (ITAS) as part of its core mandate to increasing government revenue.

He added that the new system will assist the LRA in reducing probable leakage of government’s revenues as well as strengthen means for easy taxpaying.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot this week

Asset Recovery, Property Retrieval Taskforce, Justice Ministry File Motion before Criminal Court “C”

MONROVIA, LIBERIA-The Asset Recovery and Property Retrieval Taskforce (AREPT),...

Gov. of Liberia to Commission Fleet of New Vehicles for Nat’l Transit Authority

MONROVIA, LIBERIA-The Government of Liberia is expected to commission...

Agric. Ministry Distributes 2nd Batch of Pepper Seeds to Farmers

MONROVIA, LIBERIA-The Agriculture Ministry has started distributing the second...

Health Ministry, Partners Launch 2026 Health Review Conference

MONROVIA, LIBERIA-The health ministry and partners have launched the...

WAEC-Liberia Assures Public of Releasing Exam Results on or before August 14

MONROVIA, LIBERIA-The Head of WAEC-Liberia Office, Dale Gbotoe, has...

Related Articles

Popular Categories