OpenAccountants/Libya/Libya Corporate Income Tax

Libya Corporate Income Tax

Name: OpenAccountants MCP Server
Author: OpenAccountants

Source-cited draft: corporate income tax for Libya (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Applicable period 2025Source-cited draft· Last updated Jun 25, 2026

Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.

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Key figures — Libya, 2025

Every figure is drawn from this Tax Guide and cited to its source.

Corporate income tax base and filing overview

Libyan corporate income tax is a flat 20% on taxable profits, assessed on worldwide income of resident companies. Filing follows the year-end and payment is made in quarterly installments after assessment.

Corporate income tax rate

20% flat on taxable profitsIncome Tax Law No. 7 of 2010View source ↗

Tax base

Worldwide income — income arising both in Libya and abroad is assessableIncome Tax Law No. 7 of 2010View source ↗

Jihad tax surcharge

Abolished — previously 4% on CITIncome Tax Law No. 7 of 2010View source ↗

Stamp duty on contracts

Main service/supply contracts 1% of value; subcontracts 0.1%Stamp Duty LawView source ↗

Withholding tax on dividends

Generally no separate dividend withholding tax in Libya ((approx — confirm))Income Tax Law No. 7 of 2010View source ↗

Withholding tax on interest

No general statutory interest withholding tax regime ((approx — confirm))Income Tax Law No. 7 of 2010View source ↗

Withholding tax on royalties

No general statutory royalty withholding tax regime ((approx — confirm))Income Tax Law No. 7 of 2010View source ↗

Annual return filing deadline

Within four months of year-end, or within one month of the audit report, whichever is earlierIncome Tax Law No. 7 of 2010View source ↗

Payment dates

CIT payable quarterly on 10 March, 10 June, 10 September and 10 December, commencing the first quarter date after an assessment is issuedIncome Tax Law No. 7 of 2010View source ↗

Tax year

Generally the calendar year; a company's own year-end is permitted with prior Tax Department approvalIncome Tax Law No. 7 of 2010View source ↗

Import service fee

5% service fee on the value of most importsCustoms LawView source ↗

Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.

The full Guide

Corporate income tax rate and base

Corporate income tax base and filing overview — Libyan corporate income tax is a flat 20% on taxable profits, assessed on worldwide income of resident companies. Filing follows the year-end and payment is made in quarterly installments after assessment.
Corporate income tax rate — 20% flat on taxable profits percent (Income Tax Law No. 7 of 2010)
Tax base — Worldwide income — income arising both in Libya and abroad is assessable (Income Tax Law No. 7 of 2010)
Jihad tax surcharge — Abolished — previously 4% on CIT (Income Tax Law No. 7 of 2010)
Stamp duty on contracts — Main service/supply contracts 1% of value; subcontracts 0.1% percent (Stamp Duty Law)
Withholding tax on dividends — Generally no separate dividend withholding tax in Libya ((approx — confirm)) (Income Tax Law No. 7 of 2010)
Withholding tax on interest — No general statutory interest withholding tax regime ((approx — confirm)) (Income Tax Law No. 7 of 2010)
Withholding tax on royalties — No general statutory royalty withholding tax regime ((approx — confirm)) (Income Tax Law No. 7 of 2010)
Annual return filing deadline — Within four months of year-end, or within one month of the audit report, whichever is earlier (Income Tax Law No. 7 of 2010)
Payment dates — CIT payable quarterly on 10 March, 10 June, 10 September and 10 December, commencing the first quarter date after an assessment is issued (Income Tax Law No. 7 of 2010)
Tax year — Generally the calendar year; a company's own year-end is permitted with prior Tax Department approval (Income Tax Law No. 7 of 2010)
Import service fee — 5% service fee on the value of most imports percent (Customs Law)

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Corporate income tax rate and base

Corporate income tax base and filing overview — Libyan corporate income tax is a flat 20% on taxable profits, assessed on worldwide income of resident companies. Filing follows the year-end and payment is made in quarterly installments after assessment.

Corporate income tax rate — 20% flat on taxable profits percent (Income Tax Law No. 7 of 2010)

Tax base — Worldwide income — income arising both in Libya and abroad is assessable (Income Tax Law No. 7 of 2010)

Jihad tax surcharge — Abolished — previously 4% on CIT (Income Tax Law No. 7 of 2010)

Stamp duty on contracts — Main service/supply contracts 1% of value; subcontracts 0.1% percent (Stamp Duty Law)

Withholding tax on dividends — Generally no separate dividend withholding tax in Libya ((approx — confirm)) (Income Tax Law No. 7 of 2010)

Withholding tax on interest — No general statutory interest withholding tax regime ((approx — confirm)) (Income Tax Law No. 7 of 2010)

Withholding tax on royalties — No general statutory royalty withholding tax regime ((approx — confirm)) (Income Tax Law No. 7 of 2010)

Annual return filing deadline — Within four months of year-end, or within one month of the audit report, whichever is earlier (Income Tax Law No. 7 of 2010)

Payment dates — CIT payable quarterly on 10 March, 10 June, 10 September and 10 December, commencing the first quarter date after an assessment is issued (Income Tax Law No. 7 of 2010)

Tax year — Generally the calendar year; a company's own year-end is permitted with prior Tax Department approval (Income Tax Law No. 7 of 2010)

Import service fee — 5% service fee on the value of most imports percent (Customs Law)