14 February 2014

Sierra Leone: NRA Exceeds Target By More Than Le109 Billion

The National Revenue Authority (NRA) has announced that it exceeded its target of revenue generated in the 2013 financial year to two trillion, two hundred and twelve billion, five hundred and forty six million Leones (Le.2,212,546,000,000), as against two trillion, one hundred and three billion, three hundred and fifty six million (Le 2,103,356,000,000) that was projected by government. The figure represents more than one hundred and nine billion Leones in excess revenue the Authority was projected to collect.

Speaking yesterday at a press briefing at their headquarters on Wellington Street, Freetown, Director of Monitoring and Planning, Dr. Philip Kargbo said the Domestic Tax Department collected one trillion, three hundred and seventy two billion, eight hundred and forty one million Leones (Le.1, 372,841,000,000), more than the target of one trillion, two hundred and twenty nine billion, six hundred and four million (Le 1,229,604,000,000), representing an excess of one hundred and forty three billion, two hundred and thirty six million Leones (Le.143, 236,000).

He however revealed that the Goods and Services Tax department failed to meet their target, while the Non-Tax Revenue department exceeded their target for the financial year.

Speaking at the press briefing, Assistant Commissioner for Non-Tax Revenue Department, Mrs. Thelma Conteh said her department was established in 2004 and has performed extremely well in generating revenue for the state.

She said the department is comparatively small, with staff strength of twenty-eight, who nonetheless work assiduously to meet their target and as a result won the Operational Unit Award of 2013.

Meanwhile, Commissioner, Domestic Tax Department, Ibrahim Sorie Kamara said his department has adopted a set of strategic plans, including optimizing revenue collected on Goods and Services Tax and PAYE respectively, in a bid to surpass their target for 2014.

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