Welocme Tax Link

Taxation

Special tax incentives are available to companies looking to invest in sectors, such as tourism, manufacturing, energy, hospitals and medical clinics, housing, transportation, banking, agriculture and more. Furthermore, to ensure an investor friendly environment, the Government of Liberia currently has a new Consolidated Tax Law of 2010, which can be found in the Amendments to the Revenue Code of Liberia Act of 2000.

Highlights from the new tax law are as follows:

  • Presumptive tax repealed
  • Marginal tax rate of 65% was reduced to 35%
  • Introduction of Goods and Services Tax (GST) set at 7%
  • Introduction of Presumptive Tax on Gross Income