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Liberia - Obtain a Tax Identification Number

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Procedure[edit]

Application for a Tax Identification Number (TIN) in the process of registering company / business with the Liberia Business Registry(LBR) and the process is as below:-

1.The applicant starts by finding a suitable and unique name for his / her company.

  • This is done by making a search at the Business Registry (LBR) helpdesk for suggested names to see if they are available. If found available, name can then be reserved.

2.After reserving name, the applicant can proceed with the registration process.

  • In this case, the applicant submits an application for company registration to the Liberia Business Registry (LBR) office.
  • The SUBMITTED application includes several documents that include a form for registration by the tax authority (Information for TAX authority Form Q);

3.After submission of application, the officers at the Liberia Business Registry (LBR) office review and assess submitted documents;

4.If the application is ok, officer then requests the Tax Identification Number (TIN) from the Ministry of Finance on behalf of the entrepreneur;



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Required Documents[edit]

1.Identification documents

2.Registration Form (RF 001)

3.Articles of incorporation

4.Empowered person form (A) or Registered agent form (B) in case of a company representative

5.Incorporator(s) form (E)

6.Shares and shareholder(s) form (F)



Office Locations & Contacts[edit]

Ministry of Finance

Department of Revenue

Broad & Mechlin Sts Monrovia, Liberia

Telephone: +231 6243490 / 026-202-543

Email: webmaster@mof.gov.lr

Website: http://www.mof.gov.lr



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Eligibility[edit]

Anyone / any business entity that carries out a taxable transaction is eligible to obtain a Tax Identification Number (TIN).



Fees[edit]

Name Reservation LRD 1,400

Tax Identification Number (TIN) No free is charge.



Validity[edit]

Name Reservation 120 days
Tax Identification Number (TIN) Valid as long as the owner person keeps on filing returns and as long as he / she does not apply for cancellation of TIN.



Documents to Use[edit]

Please attach documents that can be used by people. e.g. links



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Sample Documents[edit]

Please attach sample completed documents that would help other people.



Processing Time[edit]

One day



Related Videos[edit]

Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites.
Please remove the "&" inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M". 
	



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Instructions[edit]

1.A Tax Identification Number (TIN) should be obtained as soon as one decides become incorporated;

2.The applications for Tax Identification Numbers (TINs) should be submitted together with applications for registration;

3.After registration, always remember to register any taxes after a transaction;

4.Always file tax returns at every end of a given tax period;

5.A Tax Identification Number (TIN) must always be printed on all tax invoices and all documents relating to the revenue authority;



Required Information[edit]

1.Name of applicant;

2.Name and postal address of company / business entity;

3.Activities of company;

4.Details of directors / share holders;



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Need for the Document[edit]

A Tax Identification Number (TIN) is a unique identification number issued to individuals or business entities for tax purposes. In Liberia, Tax Identification Numbers (TINs) are issued by the government through the Department of Revenue under the Ministry of Finance.



Information which might help[edit]

When a Tax Identification Number (TIN) is obtained, the applicant must proceed with the registration process, in order to fully be incorporated;



Other uses of the Document/Certificate[edit]

1.When a Tax Identification Number (TIN) is obtained, a company / person is recognized by government;

2.Getting a Tax Identification Number (TIN) makes it is for a tax payer to be identified;

3.It becomes easy for government to correct tax revenue;

4.Taxable transactions can easily be identified;

5.A Tax Identification Number (TIN) certificate can be used as proof of ownership of business;

6.It makes it easy for Tax Registration Authority to follow up tax payment and tax defaulters;



External Links[edit]

http://www.doingbusiness.org/data/exploreeconomies/liberia/starting-a-business



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Others[edit]

More information which might help people.