Presumptive tax calculator Liberia
Enter your turnover for the quarter and for the year to see the business income tax payment due to the LRA.
Businesses with yearly turnover below L$3,000,000 pay 4% of turnover each quarter. Larger ones pay 2%.
How it's calculated
- Your division depends on yearly turnover: Small Tax Division below L$3,000,000, Medium or Large above it.
- Small Tax Division: presumptive tax of 4% of the quarter's turnover.
- Medium and Large Tax Divisions: advance (minimum) tax of 2% of the quarter's turnover.
An example
A shop with L$500,000 of sales in the quarter and about L$2,000,000 a year pays L$20,000 for the quarter.
Frequently asked questions
When are the quarterly payments due?
Within 15 days after each quarter ends: 15 April, 15 July, 15 October and 15 January.
What is presumptive taxation?
A way to calculate your tax on an estimated income or profit instead of your actual accounts. Any business in Liberia can use it.
Which division am I in?
The LRA puts businesses with turnover below L$3,000,000 in the Small and Micro Tax Division and those above it in the Medium or Large Tax Division.
Key terms
- Turnover
- Total sales of the business before any costs.
- Advance tax
- The minimum tax paid each quarter by medium and large businesses.
The same calculation in other countries
South Africa
Philippines
Kenya
Tanzania
Ghana
Uganda
Rwanda
Cameroon (English)
Zambia
Malawi
Gambia
Nepal
Seychelles
Samoa
BhutanUp-to-date official data
Data checked against the official source on .
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