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LRA Says Margibi To Get Over US$339K In “Real Property Shared Taxes”

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PHOTO: LRA assistant Commissioner, James Jaber

By Augustine Octavius, augustineoctavius@gmail.com

Margibi County is expected to get over  339,000 United States Dollars  in what the Liberia Revenue Authority official termed “Real Property tax-shared” projection for the people of this county.

This will be done through the collection of Real Property Tax from the expansion.

The LRA is expected to launch the Real Property Tax Administration Expansion Pilot Project in County’s capital city, Kakara on December 15, 2021.

According to Commissioner James Jaber, 679,000 United States Dollars  is projected for the total collection of Real Property tax from Margibi County targeting an estimated 8,210 properties to be captured from the exercise as stated during the consultative meeting with local officials and stakeholders in the county.

He noted that the Real Estate Tax Division has been working closely with the Ministry of Internal Affairs, the County Superintendent and local officials including the people of Margibi County, with support from the Ministry of Finance and Development Planning to ensure that the Real Property Tax is expanded into Margibi County.

“Like we said rightly, there’s going to be a revenue sharing of fifty percent  each meaning whatsoever revenue that will be generated as a result of the real property tax collected from the county, fifty percent will be given back to the county and fifty percent will be used for the national government,’’ the LRA official asserted.

According to him, from the consultative meetings held with the County Superintendent and Local Officials of Margibi County, the LRA was able to select Tax Agents who will be involved with capturing of properties from the different communities in the electoral districts of Margibi County.

The LRA assistant commissioner indicated that currently they are preparing for the launch of the pilot project on December 15, 2021 and is certain to pilot this project with robust Tax collections from the Tax Agents in the county.

Out of Eighty-Four (84) Tax Agents, Seventy-Nine (79) of them will be directly engaged with different communities, while four (4) persons will serve as Tax Agents’ Heads, commissioner said.

Two of the Tax Agents’ Heads will serve in Upper Margibi County while the other two will serve in Lower Margibi County and a Supervisor who will coordinate the process.

“The four (4) Tax Agents’ heads will work closely with the Seventy-Nine (79) Tax Agents including four (4) LRA Enforcement Officers that will coordinate the activities closely with the Local Officials at the county level,” he explained.

Over the years, the Liberia Revenue Authority has not been able to expand its real property tax in Margibi County and other parts, due to concentration in Montserrado County; specifically, Urban Montserrado.

Mr. Jaber says there is a need for LRA to expand to other counties.

“We strongly believe that when we launch and expand the project, there will be an increase in the tax net, as well as boost in revenue for the 2022 budget year; something that could enhance growth,” he added.

The Minister of Finance and Development Planning, Samuel  Tweah, Jr. is expected to serve as Chief Launcher along with the Commissioner General of LRA, Thomas Doe-Nah, who is said to be the driver of the pilot project.

Also expected to be in attendance will be the Minister of Internal Affairs, the Margibi Legislative Caucus; the Chairman of the Land Authority, the Officer-in-Charge of the Governance Commission, as well as the Director General for LISGIS with several other officials of ministries, agencies and commissions.

 

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