Liberia's headline corporate income tax (CIT) rate is 25.
The headline personal income tax (PIT) rate is resident 25%; non-resident 20%.
The standard VAT/GST (or equivalent consumption tax) rate is 12 (GST). Registration thresholds, zero-rated and exempt categories, and reduced rates vary by jurisdiction - see the source link below for the full detail on this jurisdiction.
Non-resident individuals face a flat income tax rate, recently amended from 15% to 20%, confirmed via PwC Worldwide Tax Summaries, reflecting a December 17, 2024 Tax Amendment Act signed into law amending the Liberia Consolidated Revenue Code (LRC). A specific residency day-count or facts-and-circumstances test was not itemized in sources reviewed this session. Individual partners in a partnership are taxed on partnership income as if resident, less any foreign tax credit.
No Controlled Foreign Company regime was identified in available sources this session. This is a genuine gap rather than a confirmed absence.
No statutory thin capitalization ratio was identified in available sources this session.
No domestic FBAR/Form 8938-equivalent requiring Liberia residents to self-report their own foreign accounts was identified. Liberia signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on August 7, 2018, with automatic exchange beginning September 2020, and signed the Multilateral Competent Authority Agreement on Country-by-Country Reporting (CbC MCAA) on June 1, 2022, confirmed via GSL's specialist tax-law profile - so Liberia financial institutions do participate in CRS/CbC reporting to other jurisdictions' tax authorities. Separately and independently of Liberian law, US citizens and Green Card holders with Liberia accounts remain obligated to file FinCEN Form 114 (FBAR) once aggregate foreign accounts exceed USD 10,000, and potentially Form 8938, regardless of Liberia's own reporting regime.
Liberia has just 1 Double Tax Treaty but a substantially larger network of 12 Tax Information Exchange Agreements (TIEAs) - narrower information-sharing instruments, not comprehensive double-tax-relief treaties - with the Netherlands, United Kingdom, Denmark, Ghana, Sweden, Norway, Iceland, France, Finland, the Faroe Islands, Greenland, and Portugal, confirmed via GSL's specialist tax-law profile. Liberia has not signed the OECD's Multilateral Convention (MLI).