Published: September 12, 2024
Monrovia – The National Commission on Disabilities (NCD) is advocating for the private sector in Liberia to take advantage of the Liberia Revenue Authority’s (LRA) Charitable Tax Deduction. This incentive offers a 15% tax break for contributions made to NCD programs, allowing businesses to lower their tax liabilities while supporting the disabled community.
At a recent Liberia Chamber of Commerce meeting, Mr. Samuel S. Dean, Sr., Executive Director of NCD, underscored the urgent need for private sector participation. He highlighted the profound challenges faced by Liberia’s one million disabled citizens, noting that 99% live on less than $1 a day and only one-third of disabled children are in school, according to recent research.
Mr. Dean emphasized the importance of providing education, economic opportunities, and tools for independent living to empower disabled individuals. He urged businesses to integrate these efforts into their corporate social responsibility initiatives.
Businesses are eligible to apply for the LRA charitable tax deduction during tax filings, provided they are registered and accredited as non-profit organizations.
“We must raise awareness about this issue and the pertinent tax law so the private sector can contribute effectively to improving the lives of the country’s disabled population. Our current budget to accomplish these tasks is inadequate,” he stated.
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