The National Revenue Authority (NRA) has projected a final revenue of NLe14 billion at the end of this year. Already the authority has reported a total collection of NLe10.73 billion as tax as at the third quarter of the year.

NRA Commissioner General, Mrs. Jeneba Margarita disclosed that the feat was achieved despite a shortfall in projected figure for the third quarter by 8 percent. She explained that the NRA has achieved 83 percent of its yearly target, having collected 10.73 billion Leones on tax even with seven weeks remaining in the fiscal year. “The final revenue projection is set at 14.595 billion Leones, and the NRA is on track to meet this goal”.

Ms Bangura explained the several key strategies that are driving the growth of revenue in the economy. These, according to her, include the automation of vehicle registration taxes in collaboration with the Sierra Leone Road Safety Authority (SLRSA), the implementation of tax stamps for better tracking of Goods and Services Tax (GST) on alcoholic beverages and bottled water, and fuel tax marking to ensure compliance in the fuel sector. Additionally, the NRA has reintroduced import duties on cement and cooking gas.

The Short-Term Revenue Compliance Project (STRIP) aims to enhance tax compliance by targeting overdue taxpayers with fines, account freezes, and the possibility of business closures. Furthermore, a focus on auditing mining companies is expected to promote fair contributions across all sectors, according to NRA officials.ning companies is expected to promote fair contributions across all sectors, according to NRA officials.