Monrovia, Liberia – (5 September 2024) The National Commission on Disabilities (NCD) is urging Liberia’s private sector to utilize the Liberia Revenue Authority’s (LRA) Charitable Tax Deduction, which offers a 15% tax break for contributions to NCD programs. This initiative allows businesses to reduce tax liabilities while supporting the disabled community in Liberia.
Mr. Samuel S. Dean, Sr., Executive Director of NCD, highlighted the critical need for private sector involvement at a recent Liberia Chamber of Commerce meeting, emphasizing that Liberia’s one million disabled citizens face significant challenges, with 99% living on less than $1 a day, and only one-third of disabled children in school, according to recent research.
Mr. Dean stressed the importance of providing education, economic opportunities, and independent living tools to empower disabled persons. He called on businesses to incorporate these efforts into their corporate social responsibility initiatives.
Businesses can apply the LRA charitable tax deduction when filing taxes, provided they meet specific criteria, such as being registered and accredited as non-profit organizations.
“We must create awareness of this issue and this important tax law so the private sector can do their part in improving the lives of the country’s disabled population. Our current budget to accomplish these tasks is inadequate, “ he said.
About the National Commission on Disabilities: The National Commission on Disabilities is committed to advocating for the rights and empowerment of persons with disabilities in Liberia. The Commission works to ensure that individuals with disabilities have equal access to opportunities, resources, and support necessary for their full participation in society.
