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James Dorbor Jallah brings a wealth of experience and integrity, covering 30 years, to his role as Commissioner General of the Liberia Revenue Authority (LRA). With a proven track record of transformative leadership in various sectors, Jallah is committed to enhancing domestic resource mobilization efforts.
What is a payroll tax rate?
Employers must pay payroll taxes every pay period. These include: Social Security, taxed at 6.2% for employees and 6.2% for the employer up to the taxable earnings cap. Medicare, taxed at 1.45% for employees and 1.45% for the employer. State unemployment taxes (varies by state)
Which company pay the highest tax in Liberia?
ArcelorMittal Liberia Limited received the Gold Award as the Highest Tax Contributor nationwide for 2022, while Bea Mountain Mining Corporation Inc. was honored with the same award for 2023. IVANHOE Liberia Limited secured the Silver Award for 2022, with ArcelorMittal Liberia Limited earning it for 2023.
How much is the tax in Liberia?
Income tax on resident individuals is levied on a sliding scale at rates that vary between 0% and 25%. Resident expatriates are levied on the same sliding rates as residents on taxable income sourced in Liberia. 5. A non-resident expatriate is taxed at a flat rate of 15% on taxable income sourced in Liberia.
What is the payroll tax in Liberia?
Taxation Rules in Liberia The country uses a progressive tax rate from 0% to 96,500 Liberian dollars plus 25%. All non-residents have a flat income tax of 15%. Also, both employers and employees contribute to social security at 3% and 1.75% respectively.
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Liberia Revenue Authoritys posts The LRA Government Not-for-Profit Division of the Domestic Tax Dep. has launched a month-long engagement with (MACs) and city govts, beginning with the Paynesville City Corporation. This initiative focuses on ensuring the proper filing and remittance of GoL withholding taxes.
What is the withholding tax in Liberia?
Withholding Tax Rate in Liberia averaged 15.00 percent from 2022 until 2024, reaching an all time high of 15.00 percent in 2023 and a record low of 15.00 percent in 2023. source: Liberia Revenue Authority. In Liberia, the withholding tax rate is a tax collected from companies.
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PBPL 85 Visits the Liberian Revenue Authority
After the LRA meeting, we saw a rally outside of the Sunset Inn. Hundreds of people sitting on the back of pick-up trucks were celebrating presidential
The online submission process aims to ensure swift application procedures and to guarantee that foreign workers fully comply with the Liberian labor laws.
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