🇱🇾 Tax Overview — Libya

Limited Liability Company (LLC)

Libya's corporate income tax rate is 20% on taxable profits. A 5% Jihad Tax (social solidarity surcharge) applies on top of the standard rate, bringing the effective rate to approximately 24%. Branches of foreign companies are taxed at the same rates. There is no VAT in Libya. Withholding tax applies on payments to non-residents. The tax administration is functional in Tripoli-controlled areas but enforcement varies significantly by region. Companies operating in the oil and gas sector may be subject to different fiscal terms under production sharing agreements.