- Liberia plans to introduce a Value Added Tax (VAT) at a rate of 18% in the fiscal year 2026.
- The decision is part of the Budget 2025 strategy.
- The implementation of VAT aims to enhance revenue generation for the government.
- The introduction of VAT is expected to impact various sectors of the economy.
- The government is preparing for the transition and potential challenges associated with the new tax system.
Source: research.ibfd.org
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.
