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NRA, FCC collaborate to maximise revenue generation

HomeAYV NewsNRA, FCC collaborate to maximise revenue generation

NRA, FCC collaborate to maximise revenue generation

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AYV News, March 21, 2024

The National Revenue Authority (NRA) and the Freetown City Council (FCC) convened to strategize on enhancing revenue generation within the Freetown municipality in a groundbreaking move aimed at bolstering revenue mobilization and tax administration. The historic meeting, convened at the highest echelons of both organizations, signals a new era of cooperation.

Deputy Mayor, Kweku M. Lisk, hailed the collaboration as unprecedented, emphasizing the alignment of FCC’s revenue strategies with NRA’s, particularly in tax education initiatives.

Commissioner General, Jeneba J. Bangura, underscored the significance of the partnership, citing FCC’s pivotal role in revenue generation, notably in rental income tax. The alliance seeks to capitalize on synergies through joint tax education and data sharing, aiming to optimize revenue collection for the betterment of the populace and the nation.

To operationalise this alliance, a Joint Committee comprising representatives from both entities has been formed. Charged with tasks ranging from reviewing existing Memorandum of Understanding (MoU) to laying the groundwork for enhanced collaboration, the committee aims to leverage the strengths of both the Authority and Municipality to achieve mutual objectives and maximise domestic revenue generation.

 

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