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SLPP Blocks APC Misuse of Duty Waivers

HomeAYV NewsSLPP Blocks APC Misuse of Duty Waivers

SLPP Blocks APC Misuse of Duty Waivers

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Furthermore, in April to June, the Government collected a total of Le1.07 trillion of domestic revenue (a monthly average of Le 356.7 billion, far exceeding the monthly collection of Le 271billion for the same period in 2017, reflecting strong efforts by the Government to stop revenue leakages and curb excessive duty waivers.

The report added that prior to the assumption of office of the new SLPP Government several MDAs collected and retained Government revenue thereby undermining Government’s revenue collection efforts. Within the First 100 Days, Government has implemented the Treasure Single Account and total collections from Treasure Single Account agencies amounted to Le104 billion during April – June, including Le60 billion transferred into the Consolidated Revenue Fund from their balances held at the commercial banks, according to the GTT report.

According to the GTT report, prior to the Executive Order No 1, Oil Marketing Companies (OMCs) were paying Excise taxes and duties in arrears of two months or more. This led to difficulties in reconciling payments due and actual payments made.

The report went on to state that within First 100 days, consistent with law, the Customs and Excise Department would not allow OMCs to uplift petroleum products from the depots only after the (i) full payment of excise duty (ii) 50 percent of import duty before uplift; remaining 50 percent within 7 days after uplift, failing which the full force of the law applies.

It added that as a result of the revenue mobilization drive, within the First 100 Days this created fiscal space that enabled the SLPP Government pay salaries of civil servants and staff of sub-vented agencies without resorting to domestic bank borrowing.

In addition, it the GTT report stated that the SLPP Government was able to provide resources to MDAs including universities and other tertiary institutions; the Anti-Corruption Commission; National Revenue Authority; Audit Service Sierra Leone, the Sierra Leone Police, RSLAF and Correctional Services; as well as pay examination fees for NPSE, contribution to NASSIT for civil servants and other public sector employees as well as pay subsidy to the Electricity Distribution and Supply Authority (EDSA) and Electricity Generation and Transmission Company (EGTC.

The report also stated that the implementation of the measures to block illegal tax waivers and other instances of abuse of tax waivers under the past APC administration are already having effect.

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