The Corporate Tax Rate in Libya stands at 20 percent.

Corporate Tax Rate in Libya averaged 25.71 percent from 2007 until 2020, reaching an all time high of 40 percent in 2008 and a record low of 20 percent in 2011. This page provides - Libya Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Corporate Tax Rate - values, historical data and charts - was last updated on June of 2020.

Corporate Tax Rate in Libya is expected to reach 20.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Corporate Tax Rate is projected to trend around 20.00 percent in 2021, according to our econometric models.

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Libya Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
20.00 20.00 40.00 20.00 2007 - 2020 percent Yearly

Libya Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 40.00 20.00 percent [+]
Personal Income Tax Rate 10.00 10.00 15.00 10.00 percent [+]
Social Security Rate 15.00 15.00 15.00 15.00 percent [+]
Social Security Rate For Companies 11.25 11.25 11.25 11.25 percent [+]
Social Security Rate For Employees 3.75 3.75 3.75 3.75 percent [+]


Libya Corporate Tax Rate
In Libya, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Libya.