(measure: percent; Source: The World Bank (doing business survey))
* indicates monthly or quarterly data series
Libya: Tax rate, percent of commercial profits
For that indicator, The World Bank (doing business survey) provides data for Libya from 2012 to 2019. The average value for Libya during that period was 32.6 percent with a minimum of 32.6 percent in 2012 and a maximum of 32.6 percent in 2012.
The latest value from 2019 is 32.6 percent. For comparison, the world average in 2019 based on 184
countries is 40.53 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.