Paynesville – In a bid to enhance revenue mobilization and bolster Liberia’s economic development, the Liberia Revenue Authority (LRA) on Wednesday hosted a high-level delegation from the Ministry of Finance and Development Planning (MFDP) at its headquarters in Paynesville.
Led by Minister Augustine Kpehe Ngafuan, the MFDP delegation engaged in a strategic working session with LRA Commissioner General James Dorbor Jallah and his senior management team. The discussions centered on deepening collaboration between the two institutions to optimize revenue collection and ensure the full implementation of Liberia’s tax laws.
“We have come to receive an update on revenue performance and gain deeper insights into the challenges you face. Our goal is to work collaboratively to enhance revenue generation and drive national development,” Minister Ngafuan stated.
The meeting focused on the rigorous enforcement of revenue laws, particularly the full implementation of key legislative amendments such as the new VAT law which kicks off on April 1
The meeting also addressed pressing concerns, including the potential impact of shifting economic dynamics—particularly the USAID situation—on personal income tax revenues. Officials reviewed policy measures incorporated into the 2025 national budget, along with recent amendments to the revenue code aimed at strengthening tax collection mechanisms.
Minister Ngafuan commended the LRA for surpassing its 2024 domestic revenue target. The Authority exceeded its projected US$690 million, collecting over US$693 million—an achievement he described as a testament to improved fiscal management and enforcement of tax policies. He expressed optimism about sustaining this momentum as Liberia aims for greater economic stability.
For his part, Commissioner General Jallah lauded the Ministry’s continued support, emphasizing that strong inter-agency coordination has been key to the LRA’s success. However, he pointed out ongoing challenges and stressed the need for increased budgetary allocation to help the Authority meet its ambitious domestic revenue target of US$804.6 million for 2025.
The three-hour session also focused on the rigorous enforcement of tax laws, including the full implementation of key legislative amendments such as the new VAT law, set to take effect on April 1, the Road Fund Act, and other critical tax reforms designed to streamline revenue collection.
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