Liberia Proposes 18% VAT, Tax Changes in 2025 Budget

• Liberia plans to introduce an 18% VAT by 2026
• The new VAT will replace the current 10% GST
• The 2025 budget proposes increasing withholding tax on consultancy services
• The budget also proposes revising customs charges on petroleum products
• The budget aims to enhance the Board of Tax Appeals capacity for transfer pricing cases

Source: kpmg.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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