Monrovia, Liberia – A high-level delegation from the Ministry of Finance and Development Planning (MFDP), headed by Minister Augustine Kpehe Ngafuan, was hosted by the Liberia Revenue Authority (LRA) Commissioner General James Dorbor Jallah and his senior management team on Wednesday, March 19, for a strategic working session at the LRA Headquarters in Paynesville.
The crucial discussion emphasized how vital it is for the two government agencies to work together more closely in order to mobilize and effectively collect taxes in order to fund Liberia’s development goal. Through the full execution of the nation’s revenue laws, both parties reiterated their commitment to collaborating more effectively to resolve obstacles and take chances for revenue development.
“We have come to receive an update on revenue performance and gain deeper insights into the challenges you face. Our goal is to work collaboratively to enhance revenue generation and drive national development,” Minister Ngafuan stated during the engagement.
The possible ramifications of changing conditions, especially the USAID situation, which can have a detrimental effect on personal income tax receipts, were also discussed during the discussion. Recent changes to the revenue code intended to maximize tax collection as well as evaluations of policy initiatives implemented during the development of the 2025 national budget were discussed.
The LRA received praise from Minister Ngafuan for surpassing its income goal for 2024. The LRA collected about US$693 million, above the estimated US$690 million in domestic income. The minister voiced hope for further expansion and improved budgetary control in the upcoming years.
Commissioner General Jallah, for his part, praised the Ministry’s ongoing assistance, attributing it to the LRA’s success. He listed a few obstacles and underlined the necessity of more funding to overcome them and help the Authority reach its challenging goal of US$804.6 million in domestic income by 2025.
The three-hour session’s main focus was on the strict enforcement of revenue rules, namely the complete execution of important legislative modifications like the Road Fund Act, the new VAT law that goes into effect on April 1, and other important tax reforms.
As the end of meeting, both institution reaffirmed their mutual dedication to revenue mobilization as a cornerstone of Liberia’s economic growth and stability.
