No Tax Increase On Flour -NRA Boss Clears The Air

 

By Thomas S. Kembay

Addressing the alarming hike in the price of flour which led to a strike action by bakers, the  Commissioner General (CG) of the National Revenue Authority (NRA), Dr. Samuel Jibao last Thursday disclosed that the ‘New Direction’ administration is considerate and has in no point in time increased tax but rather reduce it.

According to Dr. Jibao, the tax on flour during the erstwhile President Ernest Bai Koroma government was 20% but that the ‘New Direction’ led government of President Bio in November last year, reduced it to 10% during the supplementary budget read by the Finance Minister.

The increase in flour price he said is due to it shortage globally. The Sierra Leone Flour Mill, he said, is currently not functioning so the country depends on imported flour and unfortunately, importers, he said, do not have enough storage facilities to procure in large quantities.

In real economic situation, he said, prices shoot up when demand is more than supply. He reiterated that flour is one of the commodities that benefitted from tax deduction by the ‘New Direction’ administration.

The CG continued that Sierra Leone tax collection is now fully automated through the ASPCUDA++ system which will help obtain the true value of goods. Over the years, the people, he said, have been criticizing NRA for under-valuation which, they said, benefits only a few.

NRA he concluded, has not increased any tax but has improved on their tax collection system to ensure that the right tax is paid.