Monrovia, Liberia – After over 3 weeks of engagements with the Liberia Revenue Authority (LRA). The Patriotic Entrepreneurs of Liberia (PATEL) which represent the Liberian business community reach a common ground with the LRA after a 3 hours meeting held at the office of the Liberia Revenue Authority (LRA). For the pasted three weeks over 41 containers of goods imported to the country was grounded due to very high customs duties, taxes and fees charged by the Liberia Revenue Authority on grounds that most of the products imported by Liberian businesses had limited custom documentation. The duties and taxes charged on 40-foot container with similar goods when from 8,980USD to 21,000USD.
This action by the LRA to the Liberian business community trigger series of meetings with PATEL and other stake holders including the Customs Brokers Association, Paynesville Business Association, Liberia marketing association, Plastic Dishes Sellers Association etc.
The meeting which lasted for 3 hours was centered on the following;
The meeting well attended by various market heads, officials and members of PATEL and other trade unions in the country reach a conclusion as follows:
The Liberia Revenue Authority (LRA) and PATEL (Liberian business community/importers) agreed that all those Liberian consignees with inadequate documentation for proper custom declarations has two options
Liberia Revenue Authority (LRA) announces that it will also allow Liberian businesses to pay custom duties in installments thereby alleviating difficulties Liberian businesses experience. However, the LRA commissioner general Mrs. Tamba said Liberian businesses can make part payments and take portion of their goods that they can sell and come clear the balance of their goods later.
Liberia Revenue Authority (LRA) agreed that though the Brussels definition of value is the old method but said a new tax code with the General Agreement on Tariffs and Trade (GATT) system adapted by WTO nations is before the house pending passage into law at which time the LRA will start to implement the new system.
The LRA and The Patriotic Entrepreneurs of Liberia (PATEL) also agreed to collaborate in an effort to create awareness in the business community about the customs systems and processes of declaration and clearing of shipments.
PATEL national chairman Mr. Dominic Nimely thanked that LRA family and for the audience and promised to work with LRA to help inform the business community.
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