Liberia Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Central Bank of Liberia, Ministry of Transport, Maritime Licensing Agency

Primary Legislation

The Ministry of Labour administers employment permit regulations, which are unre, The Ministry of Foreign Affairs manages passport regulations and diplomatic matt, Section 1705 of the Revenue Code Act of 2000 as amended sets out customs valuati, Administrative Regulation No. 0-01-27-17 governs the rules for Customs Brokers a, There is no specific law, act, or regulation in Liberia that addresses cryptocur, No official gazette publication or legislative act has been identified that crea, No cryptocurrency license exists in Liberia, as no law or regulation establishes, APPENDIX 16 MINISTRY OF LABOUR REPUBLIC OF LIBERIA REGULATION NO. 17, Passport Regulation Including all Amendments

Travel Rule

Not adopted

Tax Reporting

Mining Activities: If an individual or business engages in crypto mining with the intention of profit, the proceeds (less allowable expenses) would likely be treated as business income and subject to regular income tax rates.. Trading as a Business: If an individual or entity actively trades cryptocurrency frequently and systematically with the intention of generating profits, it may be deemed a business activity. Profits from such activities would be subject to corporate or individual income tax rates.. Receiving Crypto as Payment: If an individual or business receives cryptocurrency as payment for goods or services rendered, the fair market value of the crypto in Liberian Dollars (LRD) at the time of receipt would be considered taxable income.. Airdrops, Staking Rewards, Lending Income: These are generally considered income events. The fair market value in LRD at the time of receipt would likely be taxable as ordinary income.. Individuals: Liberia has a progressive income tax system for individuals, with rates varying based on income brackets.

Key Facts

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