Trouble has brewed over at Libercell’s, one of Liberia’s telecom companies. The company 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.
According to The New Dawn, a Liberian newspaper, 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 would have to hold fort till the situation is settled between the company and the Liberian government.