Liberia vs Mongolia
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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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.
๐ฒ๐ณ Mongolia โ Aimag & Municipal Taxes
Mongolia's 21 aimags (provinces) and Ulaanbaatar city have provincial and local administrations that collect property taxes, vehicle taxes, and business licence fees within national frameworks. The General Department of Taxation (GDT) administers all national taxes. Mongolia's economy is dominated by mining (coal, copper, gold) with Erdenet, Tavan Tolgoi, and Oyu Tolgoi being major revenue sources. Mining royalties (5%โ5% on coal, 2.5% on strategic deposits) are national. A new mining law has updated fiscal terms.
Liberia vs Mongolia: Key Tax Differences (2026)
๐ฐ Income Tax: Liberia and Mongolia have similar top income tax rates (0โ25% vs 10โ25%).
๐ VAT/Sales Tax: Both countries have comparable consumption tax rates (10% vs 10%).
๐ข Corporate Tax: Corporate rates are similar in both countries (25% vs 10โ25%).
๐ Capital Gains: ๐ฒ๐ณ Mongolia taxes investment gains at a lower rate (10% vs 15%), benefiting investors.