Libercell Closed Down Due to Tax Arrears
Libercell’s, one of Liberia’s mobile companies was shut down due to tax arrears. Tax Court at the Temple of Justice ordered the company to be closed due to a $1.4-million in tax arrears. The company will also have to pay 6% on the balance of $88, 000 due to Liberian Government.
The company had committed to pay tax arrears in ten installments from April 30, 2012 to January 31, 2013. According to reports, the company had defaulted on its appeal to the court that it would have made payment on July 23, 2012 since the 25 percent (or US$612, 469.30) payment was done on February 22, 2012.
Court documents had suggested that after the completion of the payment in 10 instalments in 2013, Libercellwould have paid US$2, 449, and 877.27 to the Liberian government. Libercell subscribers will have to be patient till the situation is settled between the company and the Liberian government.