The Personal Income Tax Rate in Libya stands at 10 percent.

Personal Income Tax Rate in Libya averaged 10.42 percent from 2009 until 2020, reaching an all time high of 15 percent in 2009 and a record low of 10 percent in 2010. This page provides - Libya Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Personal Income Tax Rate - values, historical data and charts - was last updated on May of 2020.

Personal Income Tax Rate in Libya is expected to reach 10.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Personal Income Tax Rate is projected to trend around 10.00 percent in 2021, according to our econometric models.

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Libya Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 15.00 10.00 2009 - 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 Personal Income Tax Rate
In Libya, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Libya.