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LRA Ups Collection of Real Property Taxes
MONROVIA, August 12 (LINA) - The Liberia Revenue Authority (LRA) has commenced the enforcement of the collection of real property taxes from delinquent commercial property owners in Monrovia and its environs.
The Real Estate Tax Division in collaboration with the LRA Legal Department kicked off the exercise on Friday, August 7, forcing several big businesses to comply, while shutting down others.
The LRA obtained closure orders from the Tax Court at the Temple of Justice in Monrovia to shut the doors of 14 premises after all legal efforts to have them pay their taxes failed, a release from the LRA said.
The premises were closed for the purpose of examination of taxpayer records, audit and provision of advice to the taxpayers concerning compliance with tax obligations.
The LRA served each of the entities their assessment notice, a notice of determination which became final after 30 days and a 72-hour warning notice in keeping with the Liberia Revenue Code and LRA regulations, before proceeding to the Tax Court for the closure orders.
During the period of the closure, the LRA will do a tax audit, tax education and work with delinquent tax payers to meet their obligations under the law, the release said.