Liberia, Republic of
Individual - Deductions
Last reviewed - 02 September 2025Personal deductions
Charitable contributions
Donations to registered charitable organisations are deductible, provided they meet the criteria set by the Code.
Standard deductions
An annual standard deduction for a natural person is provided in an amount of up to LRD 70,000.
Personal allowances
There are no personal allowances or exemptions for PIT applicable in Liberia.
Business deductions
A taxpayer is permitted a deduction for the ordinary expenses of producing income during the tax year, limited by the provisions in the tax law.
Losses
Losses on the disposition of property are included in the calculation of taxable income of the individual.