Liberia, Republic of

Foreign tax relief

Liberian taxpayers who earn income from sources outside Liberia can claim a foreign tax credit for income taxes paid to another country. This credit applies only to income that is not sourced in Liberia.

The credit is capped at the amount of Liberian tax that would be due on that same foreign income, calculated using the taxpayer’s average tax rate for the year. The credit must be calculated separately for each country. Only taxes that are classified as income taxes, or those imposed in place of an income tax, are eligible for the credit.

Tax treaties

Liberia has a double tax treaty (DTT) with Germany and information exchange agreement with India. As of 2025, Liberia does not have any totalisation agreement with another country.