The 2025 National Budget was submitted in the Legislature of Liberia on 18 November 2024. Although details of related tax measures are limited, the government is reportedly planning to increase the withholding tax rate on consultancy services from 2% to 10% and to increase the capacity of the Board of Tax Appeals to deal with additional transfer pricing cases. The government is also planning to introduce a new VAT regime with a standard VAT rate of 18% in 2026, which will replace the current 10% goods and services tax. Additional details will be published once available.