Liberia Revenue Authority Enlightens Lawmakers On Real Estate Property Tax Payment
Monrovia –The Liberia Revenue Authority (LRA), in its continuous drive to maximize the collection of lawful revenue, has conducted a tax clinic on real property tax at the National Legislature for members of the House of Representatives.
The exercise, conducted Tuesday, April 24, 2018, presented key processes and procedures to lawmakers on how to be complaint with their real property tax payment.
Presenting in the Plenary of the House of Representatives, Domestic Commissioner Darlingston Y. Talery said the LRA is mandated to encourage Liberians to embrace the culture of paying taxes in order to collect revenue to finance the development of the country.
Commissioner Talery explained to the lawmakers their real property tax obligations under the law, the step-by-step procedures in paying these taxes and the kinds and categories of real property taxes including residential, commercial as well as rural and urban properties, among others.
During his presentation, the Domestic Tax Commissioner explained the enforcement procedures of overdue taxes after due dates and also provided enlightenment and rental income tax payments for those who are renters.
Meanwhile, the Speaker of the House of Representatives Honorable Bhofal Chambers welcomed the awareness by LRA. The speaker noted that as indicated by law, it is obligation of every citizens in the republic to pay their real estate property tax.
The Speaker described the LRA’s initiatives as brilliant and lauded the Authority on behalf of the Legislature for the enlightenment exercise.