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Tuesday, February 25, 2020

NRA Launches Enhancing Tax Compliance

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The National Revenue Authority (NRA) has launched the Enhancing Tax Compliance Project with the support of the African Development Bank at the King’s Palace hall, 85 Wellington street Freetown.

Commissioner General of NRA, Dr. Samuel S. Jibao in his opening statement thanked the African Development Bank for its support and commitment in making the project a success. He thanked the Ministry of Finance for its support during the process.

He continued that he has always maintained that any strong and decisive government envisions financing its public expenditure primarily from domestic revenue rather than depending on the unpredictable and conditional donor funding.

Commissioner Jibao went on to say whilst donor budget support still has a strong presence in the Sierra Leone government’s budget, they want to make domestic revenue contribution a panacea to the development of Sierra Leone.

He said their commitment in financing the public budget has its consequential impacts in promoting long term economic growth and reducing poverty through increased government spending in public infrastructure and human capital.

The purpose of the press conference according to Commissioner Jibao is to reaffirm the Commission’s commitment to boost the country’s coffers through revenue generation.

He said to this end, the Commission can only commit itself in increasing domestic revenue and that the project will not only achieve this move but will also improve the transparency and accountability drive of this institution.

He highlighted some of the ADB supports set to be achieved should the project succeeds, and these according to him include increase in compliance of GST with the introduction of Electronic cash register, increase of SME’s compliance with their tax obligation with the rolling out of the domestic Tax preparers’ Scheme (DTPS) and general increase in compliance and in the tax base arising from Nationwide Sensitization Activities, staging the national taxpayers day  to award taxpayers across Sierra Leone  for paying tax.

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