- Liberia enacted the Tax Amendment Act of December 2025, approved in March 2026, to strengthen tax enforcement and align with international standards.
- The Act grants expanded enforcement powers, including property seizure, departure prohibition orders, and classifies tax evasion as a felony.
- Introduces a 15% withholding tax on payments to non-residents and redefines permanent establishment rules.
- Raises goods and services tax to 13%, with a 5% surtax on telecommunications, and increases excise duties on tobacco, alcohol, and sugary beverages, with annual adjustments based on inflation and GDP.
- Extends tax assessment periods and increases excise tariffs, such as beer taxed at USD 1.00 per litre.
Source: regfollower.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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