Personal income tax rates in Libya are progressive up to 15% - however a new tax law is meant to have lowered these rates to 10%. Despite this law being effective from April 2010, the Executive Regulations which support the new law are still to be issued. Therefore the previous law (progressive up to 15% continues to be effective.) Tax payers are classified into resident and non-resident.
If you’d like to discuss net retentions further for Libya send your details to us and be sure to provide information on your specific situation. With our vetted Contractor Management partners we will ensure that you net the highest % possible of your gross income whilst ensuring that you are compliant with all Libyan regulations and those of your home country.