Liberia

Paying Taxes in

Liberia

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Turnover tax 0 2-4% last year's turnover 35.4
Social security 12 59 475.0% gross salaries 5.4
Property tax 1 1.0% assessed value of building 1.5
Fuel tax 1 value of fuel consumption 0.8
Municipal tax 1 fee scale type of business 0.7
Tax on interest 0 10.0% money market account interest 0.3 included in other taxes
Corporate income tax 5 57 35.0% profitable income 0 included in other taxes
Stamp duty 1 small amount
Goods and Service Tax 12 42 7.0% value added not included
Totals: 33 158 43.7
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