NRA ‘sure’ of collecting Le5.536 trillion in 2019

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September 26, 2018

By Ibrahim Tarawallie

NRA
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An Assistant Director at the National Revenue Authority (NRA) has stated that they are sure of achieving their proposed target of collecting Le5.536 trillion for the 2019 financial year.

Mohamed James Foday gave the assurance on Monday, September 24, when the authority appeared before the budget technical committee to defend their budget, as well as present their strategic plan for the 2019 financial year.

He said the set target would be collected in four quarters, with Le1.294 trillion expected to be collected in the first quarter of 2019, Le1.380 trillion in quarter two, Le1.372 trillion in quarter three and Le 1.490 trillion in the final quarter.

“We are sure of collecting of Le5.536 trillion which is our proposed target for the 2019 financial year,” he assured, and disclosed that there will be an additional 28% (Le1.211 trillion) increment in the 2019 fiscal year.

For 2018, Mr. Foday said they have so far collected Le2.536 trillion out of a target Le4.326 trillion and hope to collect the remainder by the end of the financial year.

He highlighted development of the authority’s medium term strategic plan from 2018 -2022, completion of the long delayed procurement of ITAS, conducted study on transit to identify reasons for transit activity in the country and investment in human capacity development, amongst others as their successes for 2017.

Speaking on the deliverable for the fiscal year 2018, Foday said they have implemented phase one of the integrated tax administration system in Freetown.