Liberia, Republic of

Individual - Other taxes

Last reviewed - 02 September 2025

Social security contributions

Every employer with one or more employees is responsible to register for social security in Liberia and contribute to the social security schemes. The social security contribution rate is 10% of gross income. The employer contributes a total of 6%, consisting of 2% for injury scheme and 4% for the pension scheme, while the employee contributes 4% to the pension scheme. The employer collects and remits to the National Social Security and Welfare Corporation (NASSCORP) on behalf of employees at the end of every month.

Self-employed individuals may voluntarily contribute to the pension scheme. This can be done by writing a letter to the Director General of NASSCORP and, upon approval, contribution is allowed.

Consumption taxes

Goods and services tax (GST)

The general rate of GST is 12%. See the Other taxes section in the Corporate tax summary for more information.

Net wealth/worth taxes

There is no net wealth taxes in Liberia.

Inheritance, estate, and gift taxes

Inheritance, estate, and gift taxes are not expressly and separately provided for under the tax laws of Liberia.

A gift received by an individual is excluded from the taxable income of the individual. Properties inherited or estates are treated as transferred properties, and the gain/loss is included in the taxable income of the individual, and the amount is taxed at the applicable PIT rates.

Property taxes

Property owners are required to self-assess their real property using official valuation methods, ensuring that land and buildings are valued separately. Once the assessed value is determined, the appropriate tax rate must be applied.

Luxury and excise taxes

Excise tax in Liberia applies to goods with health, environmental, or social impacts, such as alcohol, tobacco, and petroleum products. Both specific and ad-valorem rates apply depending on the category of good.

Environmental taxes

There are no environmental taxes in Liberia.