Information about Liberia Minimum wage and taxes.

If you want to provide information about minimum wage and taxes in Liberia, it should first be noted that Liberia's minimum wage policies and tax regulations may change from time to time. Therefore, it is important to obtain the most up-to-date information from local authorities or official sources. However, to give an overview, the minimum wage in Liberia is set at

8.50 US dollars as of 2021. Additionally, an income-based tax system is implemented in Liberia. Tax rates vary depending on the amount of income. Income tax rates are determined as follows: - Tax rate is 0% for income between 0-15,000 Liberian Dollars - Tax rate

7.5% for income between 15,001-30,000 Liberian Dollars - Tax rate is 15% for income between 30,001-75,000 Liberian Dollars - Tax rate for incomes of 75,001 and above is 25% Additionally, there is a corporate tax rate in Liberia. The corporate tax rate is generally 25%, but different rates may apply in some industries. It is recommended to contact the Liberian Ministry of Finance or local tax authorities for more detailed information.

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