Liberia Proposes GST Hike to 15% Ahead of VAT Transition in 2026 Budget

• Liberia may raise its GST rate from 12% to 15% in the FY2026 budget.
• The increase aims to support the transition from GST to a VAT system and boost domestic revenue.
• The change would affect most taxable goods and services, potentially raising consumer prices and requiring business adjustments.
• The proposal is still under review and needs legislative approval.

Source: avalara.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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