LRA Engages Business Community In Dialogue To Foster Revenue Growth

MONROVIA – The Liberia Revenue Authority (LRA) has convened its first quarterly multi-stakeholder engagement, bringing together members of the business community, with the objective of enhancing collaboration and driving economic and revenue growth.

Under the stewardship of the new Commissioner General, James Dorbor Jallah, the engagement served as a platform for various stakeholders, including shipping lines, APM Terminal, Medtech Solutions, Customs Brokers Association, and the Fula Business Association, to come together and address pressing issues affecting the business landscape.

Addressing the event last Thursday in Sinkor, Commissioner General Dorbor Jallah emphasized the importance of unity of purpose among business actors in contributing to Liberia’s development agenda through diligent tax compliance.

He reiterated the LRA’s commitment to regular engagements, highlighting the need for transparent and proactive contributions from the business community to stimulate genuine economic growth which will impact revenue collection.

Acknowledging the strategic partnership between the LRA and the business sector, Commissioner General Jallah encouraged frank discussions on sectoral challenges to facilitate targeted solutions. He underscored the significance of these engagements in providing revenue predictability for the LRA, essential for sustainable fiscal planning and national development.

During the interactive session, business leaders voiced concerns regarding delays in goods clearance, cumbersome procedures, and escalating shipping line fees. In response, LRA Customs Commissioner Saa Samoi reaffirmed the authority’s dedication to collaboration, pledging to address the highlighted challenges in tandem with relevant stakeholders.

The multi-stakeholder engagement, spearheaded by the Customs Department of the LRA, aims to proactively tackle obstacles hindering business operations, fostering an enabling environment for growth and development.

Such dialogues are pivotal in strengthening partnerships between the LRA and the business community, driving revenue growth, and propelling Liberia’s development trajectory forward.