Liberia Revenue Authority Shuts Major Businesses For Taxes
Monrovia – the Liberia Revenue Authority (LRA), in its vigorous drive to collect lawful taxes due the government and people of Liberia, Thursday sealed the doors of five major businesses after they failed to settle tax obligations since 2009.
Businesses shutdown includes Novafone GSM Company in Congo Town, Shenny Trading Inc., on Broad Street, Continental General & Life Insurance, Medicare Insurance Corporation, and Liberty Investment (producers of AquaLife Water), all in Monrovia.
Court and LRA officials delivered closure orders and requested employees out of the premises before sealing the doors of each of the businesses.
The five companies owe a total of US$1.36 million and a little over LD$30 million, including penalties and interest for the last six years.
The LRA obtained closure orders from the tax court at the temple of justice in Monrovia to shut the doors of the premises after all legal efforts to have them pay their taxes failed, LRA lawyer Cllr James Bombo said.
The affected businesses will remain closed until their bills are settled with interest and penalties under the law.
During the period of the closure, the LRA will do a tax audit, education and will work along with the delinquent tax payers to meet their obligations under the law.