Contractor tax calculator Liberia
Enter the amount of your contract or invoice to see the tax your client withholds and what you receive.
Contractors are not taxed on the employee PIT table. A contract for services rendered has 10% withheld, and a payment for services 6%.
How it's calculated
- Contracts on services rendered: 10% of the amount.
- Payments for services: 6% of the amount.
- What you receive: the amount minus the tax withheld.
An example
On a L$100,000 contract, your client withholds L$10,000 and pays you L$90,000.
Frequently asked questions
Do contractors use the PIT table?
No. The LRA says the PIT table applies only to employees in the public and private sectors. Contractors in both sectors keep paying a flat rate.
Who pays the tax to the LRA?
Your client withholds it and pays it to the LRA by the 10th day of the following month.
Does it matter if I am paid in US dollars?
No. The rate is the same, so enter the amount in the currency of the contract and read the result in that currency.
Key terms
- Contractor
- A person paid under a contract for services, not as an employee on the payroll.
The same calculation in other countries
United States (English)
United Kingdom
Kenya
Tanzania
Uganda
Malawi
Lesotho
Fiji
Brunei
Seychelles
Samoa
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