Monrovia – Tax evasion is not a crime that has been taken seriously in Liberia, but the Liberia Revenue Authority (LRA) is struggling to curb such financial malpractice that appears to be causing the government to lose millions of dollars in revenue generation. To avoid the uproar from the protesting Liberian importers during the Christmas season; the government backtracked on its regulations. The new system is still being resisted by these Liberian importers as they claim the taxes are too high, but the LRA says it is working on sensitizing importers. Exploring other areas of generating revenue has come with challenges especially as the public decry the US$0.01 tax on voice call. “Like these business people who import - when these goods come they clear through one person…; the tax authority do not know the other importers and these importers are subject to other taxes,” Tamba said.

Source: Front Page Africa February 15, 2017 02:53 UTC