Sierra Leone`s National Revenue Authority (NRA) said last Friday that it had surpassed its targets for 2015, making it one of the country’s most successful institutions in the past year.
NRA’s Corporate Affairs Manager, Mohamed Bangura, revealed that the authority exceeded its target of revenue collection by over Le100 Billion (US$25M).
He said with a target of Le 2.79 Trillion, they got Le2.185 Trillion as of Thursday this week.
The NRA had embarked on a carrot and stick approach which saw it shut down offices of businesses and companies which had failed to pay their taxes.
Bangura attributed the breakthrough to exemplary leadership at the authority.
He said the new target for the authority for 2016 had been placed at Le 2.400 trillion, which meant more work needed to be done in the New Year.
This also meant the authority will consider broadening its tax base, he said.
“We will continue to dialogue, but at the same time we will continue the distress proceedings” he said, while expressing hope that it wouldn’t have to get to the latter.