KAKATA – Margibi County is set to get over Three Hundred and Thirty Nine Thousand US Dollars (US$339,000) in what the Liberia Revenue Authority Assistant Commissioner for Property Taxation Division, Hon. James A. Jaber; referred to as a “property tax sharing” projection for county residents through property tax collection from the expansion.
The LRA is expected to launch the Land Tax Administration Expansion Pilot Project in Kakata Town, Margibi County on December 15, 2021.
According to Commissioner Jaber, six hundred and seventy-nine thousand United States dollars (US$679,000) is planned for the total Margibi County property tax collection, targeting approximately eight thousand two hundred and ten (8,210) properties to capture of the exercise as outlined in the consultative meeting with local officials and county stakeholders.
He noted that the Property Taxation Division was working closely with the Ministry of Interior, the County Superintendent and local officials, including residents of Margibi County, with support from the Ministry of Finance and Development planning, to ensure the extension of the property tax. in the county of Margibi.
“As we have rightly said, there will be revenue sharing of fifty percent (50%) each, which means that the revenue that will be generated as a result of the property tax collected from the county, fifty percent will be returned to the county and fifty percent will be used for the national government,” he said.
According to him, from the consultative meetings held with the County Superintendent and local officials in Margibi County, the LRA was able to select revenue agents who will be involved in seizing properties from the various communities in the constituencies of Margibi County. . “
The deputy. The Assistant Commissioner indicated that he is currently preparing for the launch of the pilot project on December 15, 2021 and is certain to pilot this project with strong tax collections from county tax officers.
He said out of eighty-four (84) revenue officers, seventy-nine (79) of them will be directly engaged with different communities, while four (4) individuals will serve as chief officers. taxes.
Two of the Chief Fiscal Officers 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) Chief Revenue Officers will work closely with the Seventy-Nine (79) Revenue Officers, including four (4) LRA Enforcement Officers who will closely coordinate activities with local officials at the county level,” he explained.
He said that over the years the Liberia Revenue Authority has not been able to expand its property tax in Margibi County and other parts of the counties due to concentration in the county of Montserrado; specifically, Urban Montserrado; adding that there is a need for the LRA to expand to other counties.
“We strongly believe that as we launch and expand the project, there will be an increase in the tax net, as well as an increase in revenue for the 2022 budget year; something that could spur growth.
The Minister of Finance and Development Planning, Hon. Samuel D. Tweah, Jr. is expected to serve as chief pitcher with the LRA’s commissioner general, who is the pilot for the pilot. In addition, part of the program will include the Minister of Interior, the Legislative Committee of Margibi, the President of the Land Authority, the Head of the Governance Commission and the Director General of LISGIS along with several other ministries, agencies and commissions . Representatives will honor the occasion.