{"id":5668,"date":"2021-12-21T15:21:21","date_gmt":"2021-12-21T15:21:21","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/lra-and-partners-launches-land-mark-real-property-tax-revenue-sharing-pilot-project-in-margibi-county"},"modified":"2021-12-21T16:40:19","modified_gmt":"2021-12-21T16:40:19","slug":"lra-and-partners-launches-land-mark-real-property-tax-revenue-sharing-pilot-project-in-margibi-county","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/lra-and-partners-launches-land-mark-real-property-tax-revenue-sharing-pilot-project-in-margibi-county","title":{"rendered":"LRA And Partners Launches Land Mark Real Property Tax Revenue Sharing Pilot Project In Margibi County"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>The Liberia Revenue Authority (LRA) in partnership with the Margibi County Local Government, the Ministry of Internal Affairs (MIA) with support from the Ministry of Finance and Development Planning (MFDP) have officially launched the local government real property tax administration expansion pilot project in Kakata, Margibi County.<\/p>\n

The project seeks to identify and register all real properties within the borders of Margibi County with the aim to enhance compliance and expand the tax net.<\/p>\n

This will ensure that 50-percent of revenue collected from real properties in Margibi will be returned to the people of the county for local development.<\/p>\n

Performing the official launch of the project on Wednesday December 15, 2021, Finance and Development Planning Minister Samuel D. Tweah, described the venture as a vital undertaking aimed at transforming revenue collection to accelerate the country\u2019s developmental agenda.<\/p>\n

Minister Tweah said the new approach will pave the way in shifting the country\u2019s fiscal decentralization program as the LRA continues to initiate innovative projects intended to move the budget from millions to billions evidenced by the outstanding performance of the Authority during recent years.<\/p>\n

He indicated that despite the need for external revenue funding, increase in domestic resource mobilization will play a major role in supporting the holistic development of Liberia to impact lives of citizens.<\/p>\n

He commended the LRA and stakeholders for formulating the project and assured government\u2019s commitment in supporting the drive. LRA Commissioner General Thomas Doe Nah for his part, encouraged the people of Margibi to take interest in the project as it would help to boost the development of the county.<\/p>\n

He described the project as historical and noted that this was the first time in the country\u2019s history for a direct fifty-fifty revenue sharing scheme program between central government and a local county administration to be introduced.<\/p>\n

CG Nah pointed out that Liberia as a country is overwhelmed with developmental challenges and as such it was equally important for all citizens and businesses to fully contribute their fair share of taxes in mitigating such huge challenges.<\/p>\n

\u201cAs the human body needs blood to survive, taxes, he said, are the blood that flows through a country and ensures that it functions. \u201cIt is now time that everyone pays their fair share of taxes in order to be less depended on aid\u201d, he strongly emphasized.<\/p>\n

Also speaking, Margibi County Senator Emmanuel Nuquay thanked the LRA and partners for selecting Margibi for the pilot and assured the commitment of the county\u2019s leadership in fully supporting the initiative.<\/p>\n

He said \u201cwe appreciate this because it is an opportunity that will provide us the revenue envelope that will help develop our county, so we have the responsibility to make it work\u201d.<\/p>\n

He urged the citizens and local leadership of the county to collectively support the implementation of the pilot project by making it succeed, and that this would serve as a very good leadership example for the rest of the counties.<\/p>\n

In remarks, Internal Affairs Minister Varney Sirleaf called on the people of Margibi including local leaders to take ownership of the project in order to achieve its goals.<\/p>\n

\u201cThis project is on the shoulders of you, the people of Margibi and you have to help the LRA to achieve this. So, I am asking you now to go all out to ensure that enough revenue is raised to help develop Margibi,\u201d he stated.<\/p>\n

The local government real property tax administration expansion pilot project is part of efforts to actualize the implementation of the decentralization of real property tax administration in line with the Local Government ACT of 2018.<\/p>\n

The ACT among other things, calls for the establishment of adequate, identifiable, and reliable sources of revenue by local authorities in ensuring a sustainable and recurring program of direct revenue sharing.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. The Liberia Revenue Authority (LRA) in partnership with the Margibi County Local Government, the Ministry of Internal Affairs (MIA) with support from the Ministry of Finance and Development Planning (MFDP) have officially launched the local government real property tax administration expansion pilot project in Kakata, Margibi County. The project seeks to identify […]<\/p>\n","protected":false},"author":84,"featured_media":5667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,237,234],"class_list":["post-5668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nLRA And Partners Launches Land Mark Real Property Tax Revenue Sharing Pilot Project In Margibi County - Liberia<\/title>\n<meta name=\"description\" content=\"The Liberia Revenue Authority (LRA) in partnership with the Margibi County Local Government, the Ministry of Internal Af ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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