Authorities of the Liberia Revenue Authority (LRA), through a release yesterday, said it made a record-breaking US$15 million revenue collection at the Freeport of Monrovia through its Customs Department in the month of May.
According to the release, this level of collection has never been achieved in a single month in the history of revenue collection at the Freeport.
The achievement is the result of the ongoing closing of many leakages and revenue protection initiatives, including the introduction of the Centralized Customs Declaration System which is an online declaration.
The LRA launched the Centralized Customs Declaration System in March as a cogent part of the business transformation strategic goals, to strengthen trade facilitation by enhancing the customs clearance process.
The public can assess the new system to declare and process goods declarations online and reduce clearing periods, while payment notices to person/s declaring and releases to terminal operators are also automated.
LRA Compliance Officers (previously known as Assessors) assigned at the Freeport and the Roberts International Airport have since been transferred to operate the system from the entity’s Headquarters in Paynesville, outside Monrovia.
Moreover, the release said, there no longer exists human interface between Customs Brokers and the Compliance Officers.
The introduction of the new system has accordingly enhanced efficiency in the clearing of goods at the port and improved transparency in revenue collection.
“Recently, certain Customs Brokers from Liberia were able to make declarations from as far as the Philippines during the just ended conference of the International Federation of Customs Brokers, the release said.
Meanwhile, LRA Commissioner General Elfrieda Stewart Tamba says the entity remains committed to introducing new technologies in modernizing and transforming revenue collection.
Madam Tamba believes that there is no way domestic resource mobilization can be improved in the absence of innovation, automation and the application of technology, zero tolerance for corruption and legal compliance.