MONROVIA – A FrontPageAfrica investigation has discovered that the Liberia Revenue Authority (LRA) has awarded the contract to print excise tax stamps to an Indian company, Madras Security Printers Inc., whose reputation is marred with corruption and other scandals in several countries including Kenya, Sudan, India and Bangladesh, among others.
The LRA intends to introduce the excise tax stamps all alcohol products and tobacco beginning January 2022. The essence of the stamps, according to the LRA, is to help curtail the smuggling of these products into the country. This means, every tobacco product or bottle of alcohol products imported or manufactured in the country would have to bear the excise.
The Excise Tax Stamp is a specially designed stamp with digital and other security features which is affixed on excisable goods to show that taxes and duties have been paid or would be paid. … The Excise tax stamp is not a new tax. It is a means of identifying goods on which excise has been paid or will be paid.
The Commissioner General of the LRA, Thomas Doe Nah, described the launch of the excise tax stamp as a major milestone geared toward expanding the tax net and increasing revenue collection, critics are unsure amid concerns that the stamp is mired in secrecy and lacking conspiracy.
Corrupt Company Gets the Contract
Madras Security Printers competed with the likes of De La Rue (the company printing the stamps for the Ghana Revenue Authority), but according to the…