Leaving no stone unturned in collecting legitimate government revenues for the benefit of the state and the Liberian people as required by law, the Liberia Revenue Authority (LRA), through the Tax Court, has for the past two weeks temporarily sealed the doors of several real properties and businesses for failure to pay taxes over the years, some as much as five years delinquent, the LRA said in a press release yesterday.
Businesses closed down owed government taxes ranging from US$1,000 to US$5.5 million. The essence of the closure exercise (which is the last resort in a series of engagements with property/business owners) is intended to compel individuals and businesses to comply with the law by paying their taxes.
Businesses closed down recently included the Australian Exploration Drilling Company for US$5.5 million; EXSECON Security Firm for US$183,489; the Liberia Mining Group for US$53,593; Caesar Architects for US$27,400; Mario Services/Trust International for US$1,171; Herbert Wilson Property on Gurley Street for US$10,000; Joseph Wilson Property on Gurley Street for US$6,637; and the Emmanuel S.K. Nimely Property for US$7,171, among several others.
Several of the businesses have since been reopened and functioning after they immediately or days later began complying with payments in line with the Revenue Code of Liberia.
Prior to requesting closure orders from the court, the LRA assessed each of the properties/businesses and served them tax liabilities for payment into government’s coffers at the Central Bank of Liberia. The LRA also served each 24-hour and 72-hour notices and a Temporary Closure Notice, detailing their tax liabilities.
Meanwhile, the LRA is calling on all real estate property owners across the country to pay their real estate taxes, or be compelled.