Liberia

{"ftc_utility":"medium","fbar_trigger_notes":"US expats with local Liberian bank accounts (held in USD, as the Liberian dollar and USD both circulate) must report if aggregate foreign account balances exceed $10,000 at any point in the calendar year. Accounts at local banks such as Ecobank Liberia or United Bank for Africa Liberia trigger standard FBAR (FinCEN 114) and FATCA Form 8938 obligations.","ftc_utility_reason":"Liberia taxes residents on worldwide income at rates up to 25%. US expats earning Liberian-source income who do not fully exclude it via FEIE can use the Foreign Tax Credit to offset Liberian taxes paid against their US liability. The 25% top rate is below the US top marginal rate, so FTC may not fully eliminate US tax on high earners. FEIE is generally the preferred first tool for earned income.","presence_day_count_notes":"Liberia does not have a restrictive visa regime that limits US citizen stays. Entry is generally permitted; long-term stays require residency permits. The 330-day physical presence test is practically achievable. Days spent in Liberia count toward the 330-day threshold. US expats working in development, mining, or NGO sectors commonly qualify.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":18000,"local_tax_rate_on_earned_income":0.25,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income received by Liberian tax residents is treated as ordinary income subject to progressive rates up to 25%. No specific pension exemption exists under Liberian law.","tax_rate":0.25,"locally_taxed":true},"social_security":{"notes":"No US-Liberia totalization or income tax treaty in force. US Social Security benefits received by Liberian residents are foreign-source income and could be subject to Liberian income tax at progressive rates. Practical enforcement is limited.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No treaty exists and Liberian law does not specifically address Roth IRA mechanics. Qualified Roth distributions carry no US tax liability; Liberian tax on these amounts is theoretically possible but practically unenforced. Resident expats should seek local tax advice.","locally_taxed":false},"us_401k_ira_distributions":{"notes":"No US-Liberia tax treaty exists. Distributions from US 401(k) or IRA accounts received by Liberian residents would be treated as foreign-source income and potentially taxable as ordinary income at progressive rates up to 25%. In practice, enforcement and remittance by US expats is inconsistent given Liberia's limited tax administration capacity.","tax_rate":0.25,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.25,"notes":"Liberia does not have a standalone capital gains tax. Gains realized by individuals are treated as ordinary income and taxed at progressive rates up to 25%. Corporate gains are taxed at the standard corporate rate of 25%.","details":{"tax_type":"Capital Gains Tax","country_name":"Liberia","country_iso_code":"LBR","source_references":["Liberia Revenue Code 2000 (as amended)","Liberia Revenue Authority","KPMG Africa Tax Guide"],"last_verified_date":"2026-06-03","general_description":"No separate capital gains tax exists under the Liberia Revenue Code. Capital gains are folded into ordinary income for individuals and corporate income for companies, taxed at applicable rates.","corporate_capital_gains":{"rate":0.25,"tax_treatment":"Taxed as ordinary business income at the standard corporate income tax rate of 25%."},"individual_capital_gains":{"rate":0.25,"tax_treatment":"Taxed as ordinary income under progressive personal income tax rates; top marginal rate is 25%. No preferential rate for long-term gains."}}}

{"notes":"Dividends paid to non-resident individuals and companies are subject to a 15% withholding tax under the Liberia Revenue Code. Dividends received by resident individuals may be included in taxable income at progressive rates, though withholding at source is the primary collection mechanism. No dividend tax treaty with the US is in force.","rates":[{"rate":0.15,"type":"withholding","notes":"Standard withholding rate on dividends paid to non-residents."},{"rate":0.25,"type":"progressive","notes":"Dividends received by residents potentially taxable at top marginal rate of 25% if included in ordinary income; withholding may serve as a final tax in practice."}]}