Grand Bassa County has emerged as the highest revenue collecting county for the second quarter of the 2017/18 fiscal period, according to the Liberia Revenue Authority (LRA) County Revenue Collection Report, a press release said.
The LRA in the months of October, November and December (representing 2nd Quarter) collected a total of US$1.7m from its rural Tax Business Offices (TBO) and Customs Business Offices (CBOs) in all 14 counties as well as rural Montserrado.
The amount represents revenue received or collected exclusively in the counties through LRA business offices.
Grand Bassa County contributed a total of US$489,900 or 28.1% of gross receipts from the counties. Of the amount, US$358,609 or 78% came from the TBOs while the remaining US$131,290 came in from CBOs.
Grand Bassa is closely followed by Maryland County, which maintained its position of second highest contributor from the last quarter. Maryland contributed US$318,480 representing 18.3%, while Nimba, which came first during the previous quarter, fell to third, contributing US$281,580 or 16%.
Margibi, Grand Cape Mount, and Lofa counties are in the fourth, fifth and sixth positions respectively with 158,267 (9.1%), 151,415 (8.7%), and 109,150 (6.3%) in contributions. Bong, Grand Gedeh, and Bomi followed correspondingly with 4.5%, 3.7%, and 3.2% as the seventh, eighth, and ninth highest contributors.
The County Revenue Collection Report is the segment of the revenue report that features the performance of the LRA Rural Tax and Customs Business Offices.
Rural Tax Business Offices are all TBOs located outside of Montserrado County, with the exception of Bensonville TBO, which, though located in Montserrado County, is considered a rural TBO.
Rural Customs Business Offices are all customs borders and ports located outside of Montserrado and Margibi counties. This means that revenues from Freeport, LPRC, and RIA (Margibi) are not included in the County Revenue Collection Report.
The essence of this classification is to facilitate cross-sectional comparison among the counties to show their true economic potential.
Meanwhile, gross domestic revenues collected in the second quarter of FY 2017/18 were US$89.1 million. Of this amount, total collection from the counties amounted to US$1.7 million or 1.9%, and the LRA headquarters and other urban stations contributed US$87.4 million or 98.1%, the release noted.