By- Aruna Rashed Toma Bangura

The 2021 Auditor General’s report has indicated that the National Revenue Authority spent Le4, 289,805,741 to renovate the WAMA Building on ECOWAS street but failed to provide tenancy agreement to justify the said expenditure.

The report indicates that NRA did not deduct withholding tax of 10% totaling US$132,000 for a piece of land bought by NRA for US$1,320,000 which contravenes Section 123A of the Income Tax Act of 2000.

The report states that not all assets owned by NRA were labeled with the Authority’s serial number as required in object 5.2 of the approved Finance and Budget Department Policies and Procedures Manual.

The report ascertained that the asset listing was submitted for verification but did not include the date of purchase of the assets and as a result the audit team cannot ascertain whether they were new assets as no physical verification was done.

The Auditors recommended that the Commissioner General should make sure that all assets owned and controlled by the Authority must be identified with identification codes and details accurately recorded on the asset’s register to be verified by the Audit Service.