Liberia’s President Proposes New VAT Regime to Replace Current GST System

• Liberian President Joseph Boakai has submitted a draft bill to amend the Revenue Code for a new VAT regime
• The new VAT regime will replace the current goods and services tax (GST) regime
• The current GST is a consumption tax levied at a general rate of 10% with no right to deduct input tax

Source: orbitax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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