Corporate income tax calculator Liberia
Enter your taxable profit and activity to see the corporate income tax for the year and the balance left after your quarterly advance payments.
The regular rate is 25%. Mining and petroleum projects pay 30%, and rice production 15%.
How it's calculated
- Corporate income tax: taxable profit × the rate for your activity.
- Balance: the tax minus the quarterly advance tax already paid during the year.
An example
A trading company with L$5,000,000 of taxable profit owes L$1,250,000 of corporate income tax.
Frequently asked questions
When is the annual return due?
Three months after the end of the calendar or fiscal year.
What are the quarterly payments?
Medium and large businesses pay an advance tax on turnover each quarter, and small businesses a presumptive tax. Our presumptive tax calculator works them out.
Does this calculator work out taxable profit?
No. Enter the taxable profit from your accounts after the deductions the Revenue Code allows.
Key terms
- Taxable profit
- Business income minus allowable expenses, on which corporate income tax is charged.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
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