Liberia, Republic of
Corporate - Tax credits and incentives
Last reviewed - 02 September 2025Incentive deductions
Incentive deductions are allowed with respect to particular assets. Qualifying manufacturing and service businesses and specific sectors are entitled to deduct an aggregate of up to 30% of the purchase price of equipment and machinery only for the tax period in which the asset was placed into service.
Foreign tax credit
Payers of Liberian income tax may claim a foreign tax credit of amounts of income tax paid to governments other than Liberia. The amount of foreign tax accrued is creditable against Liberian income tax otherwise due, subject to limitation.