Unfortunate, but…-Deputy Speaker Describes Tax Increment

By Abraham


The Deputy Speaker of the House of Representatives, Hans Barchue, has described as unfortunate the increment in taxes by the Legislature on basic commodities including water and called on stakeholders involved to work in mitigating the situation.

Speaking to journalists at the opening of the 6th session of the Legislature, the Deputy Speaker said though unfortunate, it is the reality of the time and hoped such decision would be inverted.

Barchue said the increment of tax on water was disheartening, looking at the challenges the country faces with regards to acquisition of safe water.

Recalling his action during deliberations on the amendment to the Revenue Tax Code, Deputy Speaker Barchue said while presiding over the deliberation, he resisted certain attempt to increase at certain level on some taxes, but surprisingly, these areas or commodities were reintroduced.

It can be recalled that the legislature in December 2016 during its extra sitting voted for taxes to be increased from 7% to 10% on tobacco, 35% on imported water and 2% for locally produced water and that taxes on residential buildings are increased from 0.083% to 0.25%.

The Grand Bassa County lawmaker indicated that his colleagues (lawmakers) also voted that taxes be increased on land within city or town limits which is currently at two percent an increment of 3.5 percent and that goods and services taxes increased from 10 percent and 5 percent. A 15 percent increment was also proposed to be levied on hotel services, gambling services and restaurant services.