The Corporate Tax Rate in Libya stands at 20 percent. source: Libyan Tax Authority

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 October of 2021.

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

Libya Last Unit Reference Previous Highest Lowest
Corporate Tax Rate 20.00 percent Dec/21 20.00 40.00 20.00

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.