Libyan taxation

The  Libyan taxation is characterized by rapid changes  

The following events:
 
-- Option of Libya for a market economy,
-- Free trade agreements with the European Communities,
-- Future accession of Libya to the World Trade Organization,
-- An increased impact of the globalization on the Libyan economy

have resulted in a revision and appropriate adaptations in all areas of the Libyan tax law. These changes of the Libyan taxation are still underway and will extend over several years.

This section aims to summarize and review recent changes in the Libyan taxation, which could have a significant or specific impact on the business environment in Libya or pose challenges to negotiators.