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Libya flag Libya:

Presentation of Libya : Taxation

There is no VAT in Libya.
Not applicable
Company Tax :
Corporate tax: Flat rate of 20%
Jehad tax (defense contribution- jehad tax): 4%, applied on taxable corporate profit (plus a stamp duty of 0.5% levied on the total corporate income tax liability)
Withholding Taxes :
Libya does not levy withholding taxes, except on interest paid on bank deposits, which are subject to a 5% WHT.
Social Security Contributions Paid By Employers :
Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.

Country Comparison For Corporate Taxation

  Libya Middle East & North Africa United States Germany
Number of Payments of Taxes per Year 19.0 20.8 10.6 9.0
Time Taken For Administrative Formalities (Hours) 889.0 204.0 175.0 218.0
Total Share of Taxes (% of Profit) 32.6 32.1 36.6 48.8

Source: Doing Business - Latest available data.

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Latest Update: November 2022