GST is imposed on the supply of taxable goods and services in Liberia. Taxable persons charge GST on their taxable supplies (output tax) and are charged with GST on goods  which they receive (input tax).

• Excise tax is a levy on goods with health, environmental or social effect.  

Personal income tax withholding tax is on a progressive scale. Tax is applied on payments or benefits received in the form of non-cash property including the following:  Employment income is deemed to arise in Liberia if the employment giving rise to the income is carried on in Liberia irrespective of where the contract of employment is signed or payments are made.

Generally residents are taxable on all income regardless of source. Therefore, foreign source income by a resident is taxable in Liberia subject to available foreign tax credit relief. Non-residents are subject to tax on income having a source in Liberia. The Corporation tax rate is 25% and 30% for general companies and mining/petroleum companies respectively. Some mining/petroleum companies have concessionary tax rates with the government. Withholding taxes also apply to certain types of income for both residents and non-residents. Withholding tax on interest, dividends, and royalties paid to a non-resident is the final tax.

Individuals and business entities profit and non-profit ) are required to pay real property taxes for residential,, commercial, vacant land, farms etc