Libya Corporate Tax Rate

The Corporate Tax Rate in Libya stands at 20 percent. Corporate Tax Rate in Libya averaged 26.67 percent from 2007 until 2018, reaching an all time high of 40 percent in 2008 and a record low of 20 percent in 2011.

Corporate Tax Rate in Libya is expected to be 20.00 percent by the end of this quarter, 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 2020, according to our econometric models.

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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	[+]

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. This page provides - Libya Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Corporate Tax Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	20.00	20.00	40.00	20.00	2007 - 2018	percent	Yearly

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Country	Last		Previous	Range
Argentina	35.00	Dec/18	35	35 : 33	%
India	35.00	Dec/19	35	38.95 : 32.44	%
Brazil	34.00	Dec/19	34	37 : 25	%
France	33.30	Dec/18	33.3	50 : 33.3	%
Japan	30.86	Dec/19	30.86	52.4 : 30.86	%
Australia	30.00	Dec/19	30	49 : 30	%
Mexico	30.00	Dec/19	30	42 : 28	%
Germany	29.79	Dec/18	29.79	56.8 : 29.4	%
South Africa	28.00	Dec/18	28	37.8 : 28	%
Canada	26.50	Dec/18	26.5	50.9 : 26.1	%
China	25.00	Dec/19	25	33 : 25	%
Indonesia	25.00	Dec/18	25	39 : 25	%
Netherlands	25.00	Dec/18	25	48 : 25	%
South Korea	25.00	Dec/19	25	40 : 22	%
Spain	25.00	Dec/18	25	35 : 25	%
Italy	24.00	Dec/18	24	53.2 : 24	%
Turkey	22.00	Dec/19	22	33 : 20	%
United States	21.00	Dec/19	21	52.8 : 1	%
Russia	20.00	Dec/18	20	43 : 20	%
Saudi Arabia	20.00	Dec/18	20	45 : 20	%
United Kingdom	19.00	Dec/19	19	52 : 19	%
Switzerland	17.77	Dec/18	17.77	25 : 17.77	%
Singapore	17.00	Dec/19	17	26 : 17	%