ACCOUNTING, TAXATION, AND TRAVEL IN LIBERIA

The Ministry of Finance is the regulatory body for all Tax matters in Liberia. The Ministry controls taxes from internal revenue and custom duties. The internal revenue are revenue generated internally excluding import duties, export duties, and Goods and Services Tax levied on imports. In this issue: Internal Revenue: LICENSE AND REGISTRATION The law requires institutions that want to do business in Liberia to file Article of Incorporation with the Ministry of Foreign Affairs which is the first step to establishing a business in Liberia.. The cost to process the Article of Incorporation of a Foreign Company is approximately US$850.00 excluding other miscellaneous processing fees. All business operating in Liberia are to obtain a business registration certificate from the Ministry of Commerce and Industry. The cost of the main branch is US$900.00 and subsequent branches opened are to pay 50% of the amount mentioned above. Amount is payable 90 days after establishment and on or before t