Ly Corporate Income Tax

---
name: ly-corporate-income-tax
description: "Source-cited draft: corporate income tax for Libya (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/ly-corporate-income-tax"
  jurisdiction: "LY"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Libya Corporate Income Tax

## 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](https://taxsummaries.pwc.com/libya/corporate/taxes-on-corporate-income))_
- **Tax base** — Worldwide income — income arising both in Libya and abroad is assessable  _([Income Tax Law No. 7 of 2010](https://taxsummaries.pwc.com/libya/corporate/taxes-on-corporate-income))_
- **Jihad tax surcharge** — Abolished — previously 4% on CIT  _([Income Tax Law No. 7 of 2010](https://taxsummaries.pwc.com/libya/corporate/significant-developments))_
- **Stamp duty on contracts** — Main service/supply contracts 1% of value; subcontracts 0.1% percent  _([Stamp Duty Law](https://taxsummaries.pwc.com/libya/corporate/other-taxes))_
- **Withholding tax on dividends** — Generally no separate dividend withholding tax in Libya ((approx — confirm))  _([Income Tax Law No. 7 of 2010](https://taxsummaries.pwc.com/libya/corporate/withholding-taxes))_
- **Withholding tax on interest** — No general statutory interest withholding tax regime ((approx — confirm))  _([Income Tax Law No. 7 of 2010](https://taxsummaries.pwc.com/libya/corporate/withholding-taxes))_
- **Withholding tax on royalties** — No general statutory royalty withholding tax regime ((approx — confirm))  _([Income Tax Law No. 7 of 2010](https://taxsummaries.pwc.com/libya/corporate/withholding-taxes))_
- **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](https://taxsummaries.pwc.com/libya/corporate/tax-administration))_
- **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](https://taxsummaries.pwc.com/libya/corporate/tax-administration))_
- **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](https://taxsummaries.pwc.com/libya/corporate/tax-administration))_
- **Import service fee** — 5% service fee on the value of most imports percent  _([Customs Law](https://taxsummaries.pwc.com/libya/corporate/other-taxes))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `ly-corporate-income-tax` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/ly-corporate-income-tax. If neither is available, confirm every figure against the official source pages cited above before relying on it.