Standard 10% VAT. Calculate VAT-inclusive, VAT-exclusive, reverse VAT extraction, and multi-item invoice totals. Accurate 2026 LRA rates.
Calculate how much VAT the buyer withholds and remits to the tax authority on this transaction.
Liberia applies a Goods and Services Tax (GST) at a standard rate of 10%. The GST was introduced on 1 October 2021, replacing the previous 7% goods and services tax as part of fiscal reforms to improve domestic revenue mobilization. The GST operates similarly to a value-added tax, being collected at multiple stages of the supply chain with input tax credits available. Certain essential goods and services are zero-rated, including exports, basic food items (rice, cassava, palm oil), agricultural inputs, and some medical supplies. Exempt supplies include financial services, insurance, healthcare services, educational services, residential rentals, and public transportation. The Liberia Revenue Authority (LRA) administers GST collection and enforcement. Businesses with annual taxable turnover exceeding LRD 5 million must register for GST. Monthly GST returns must be filed by the 21st of the following month. Liberia has been investing in strengthening its tax administration following years of conflict and recovery. The LRA has introduced electronic filing and payment systems. The GST is a critical revenue source as the country works to reduce dependence on customs duties and external aid. Input GST credits can be offset against output GST, with refund provisions for businesses with excess credits.
Liberia uses a Goods and Services Tax (GST) at 10%, which functions similarly to a VAT. It is collected at multiple stages of the supply chain, and businesses can claim input tax credits on GST paid on their purchases.
The 10% GST rate was introduced on 1 October 2021, replacing the previous 7% rate. The increase was part of fiscal reforms to improve domestic revenue collection and reduce dependence on external funding.
Zero-rated food items include rice, cassava, palm oil, and other basic staples. These carry 0% GST, allowing suppliers to reclaim input GST on costs related to producing or distributing these essential goods.
Businesses with annual taxable turnover exceeding LRD 5 million must register for GST with the Liberia Revenue Authority. Smaller businesses may be subject to simplified tax arrangements.
Monthly GST returns must be filed by the 21st of the month following the tax period. Payment must accompany the return. The LRA provides electronic filing and payment facilities.