Liberia: Income and profits taxes
* indicates monthly or quarterly data series
| Liberia |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 31.22 |
| Year | 2013 |
| Measure | percent |
| Data availability | 2005 - 2013 |
| Average | 28.84 |
| Min - Max | 24.53 - 34.46 |
| Source | The World Bank |
The latest value from 2013 is 31.22 percent, an increase from 27.73 percent in 2012. In comparison, the world average is 25.03 percent, based on data from 130 countries. Historically, the average for Liberia from 2005 to 2013 is 28.84 percent. The minimum value, 24.53 percent, was reached in 2010 while the maximum of 34.46 percent was recorded in 2005.
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* indicates monthly or quarterly data series
Recent data
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | -3.00 | 2023 | percent |
| Government debt | 58.81 | 2023 | percent |
| Tax revenue | 12.46 | 2013 | percent |
| Commercial tax rate | 46.20 | 2019 | percent |
| Tax preparation time | 140 | 2019 | hours |
| Number of taxes | 33 | 2019 | taxes |
| Taxes on goods and services | 12.36 | 2013 | percent |
| Taxes on international trade | 30.01 | 2013 | percent |
| Income and profits taxes | 31.22 | 2013 | percent |
| Foreign aid | 484.75 | 2022 | million U.S. dollars |