Liberia’s Ministry of Finance published the draft version of the National Budget for 2026 on November 11, 2025. The main drivers of indirect taxes are evident in the proposal to gradually increase the GST rate from 12% to 13%. This increase is significant, as it will be the standard VAT rate when the VAT regime comes into effect.
The goal is to introduce the VAT regime gradually, with the intention to implement it fully by January 1, 2027. The new VAT system, intended to replace the current GST, should be less transparent, allowing input tax deductions, and aligning the country’s indirect tax framework with international standards.
The government has also proposed implementing the digital economy framework. The idea is to establish a particular tax framework for cross-border providers of digital services. This should come into force alongside the introduction of the VAT regime.
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