RDF Quarterly Impact Report: US$ 6.8 Million revenues recorded for Governments of Sierra Leone, Liberia and Malawi from mining, oil, forestry, property tax and business licensing
[London, 12 April 2013]
During the first quarter 2013, RDF helped low-income governments record US$ 6.8 Million in revenues. This consisted of mining, oil, forestry, property tax and business license revenues to the Governments of Sierra Leone, Liberia and Malawi.
This is the first time Liberia revenues are included in the impact report. We are also including our local government programme, which mobilize property tax and business license revenues for seven local councils with a base of 58,000 assessed properties.
Total government revenues recorded in RDF systems are now US$ 44.3 Million.
A further US$ 75.3 Million in Tax revenues recorded by the National Revenue Authority in Sierra Leone from 2010 have been integrated into the GoSL Online Repository, in order to provide a comprehensive picture of mining sector revenues for compliance purposes. This will be released shortly to the public, making over 13,000 tax payments from mining companies transparent.
All revenues for Sierra Leone is made public through the GoSL Online Repository. The online system now has over 1,000 registered users, of which over 65% are mining companies and investors. Similar systems are under trial in Liberia and Malawi.
The goal of RDF is to help low-income governments mobilize USD 1 Billion by 2015. RDF is on track to achieve its programme target of US$ 100 Million cumulative revenues for the Government of Sierra Leone by 2015, and targets for Government of Malawi and Liberia is being established.
Disclaimer; RDF does not report official statistics or data on behalf of any of its government clients. The information presented here is only meant to provide the public with general information on RDF’s activities.