Libya: Commercial tax rate

* indicates monthly or quarterly data series

Tax rate, percent of commercial profits

 Latest value 32.60
 Year 2019
 Measure percent
 Data availability 2012 - 2019
 Average 32.60
 Min - Max 32.60 - 32.60
 Source The World Bank (doing business survey)
For that indicator, we provide 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.
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* indicates monthly or quarterly data series

Recent values chart
Libya - Commercial tax rate - Recent values chart

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.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 24.50 2021 percent
 Government spending, in dollars 9.75 2021 billion U.S. dollars
 Fiscal balance, percent of GDP 13.80 2022 percent
 Commercial tax rate 32.60 2019 percent
 Tax preparation time 889 2019 hours
 Number of taxes 19 2019 taxes
 Foreign aid 345.07 2021 million U.S. dollars
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