Papua New Guinea vs Liberia
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐ต๐ฌ Papua New Guinea โ Provincial & Local Government Taxes
Papua New Guinea's 22 provinces and the National Capital District levy their own provincial income taxes on certain income types, business licence fees, and sundry local charges. The Internal Revenue Commission (IRC) administers national taxes. PNG's economy is dominated by extractive industries (LNG, gold, copper) under fiscal resource contracts. The LNG sector has transformed government revenues. Significant informal economy and subsistence agriculture outside the formal tax base. A GST at 10% applies broadly.
๐ฑ๐ท Liberia โ County & District Taxes
Liberia's 15 counties and districts collect local taxes including property tax (1%โ3% of market value), business licence fees, and local service charges. The Liberia Revenue Authority (LRA) administers national taxes. Liberia uses the US dollar alongside the Liberian dollar. The country was devastated by civil wars (1989โ2003) and the 2014โ16 Ebola epidemic. Iron ore (ArcelorMittal, China Union), rubber, palm oil, and timber are key exports. Tax reform has been a focus of post-conflict reconstruction under successive administrations.
Papua New Guinea vs Liberia: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ต๐ฌ Papua New Guinea has a higher top income tax rate (22โ42% vs 0โ25%). ๐ฑ๐ท Liberia is more favourable for high earners.
๐ VAT/Sales Tax: Both countries have comparable consumption tax rates (10% vs 10%).
๐ข Corporate Tax: ๐ฑ๐ท Liberia offers a lower corporate rate (25% vs 30%), which can influence business location decisions.
๐ Capital Gains: ๐ฑ๐ท Liberia taxes investment gains at a lower rate (15% vs 17%), benefiting investors.