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LY Tax 2023

Libya Tax Tables 2023 - Tax Rates and Thresholds in Libya

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This page contains the tax table information used for the calculation of tax and payroll deductions in Libya in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ LY, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Libya or would like to add to or suggest amendments to the information herein then please contact us.

Libya Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Libya are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Libya Tax Calculator 2023.

Libya provides annual "Standard Deductions" that is deducted from your total income to produce your taxable income in Libya in 2023:

Libya Standard Deduction in 2023
Residence StatusStandard Deduction (Single)Standard Deduction (Mingle)
Residentدينار 1,800.00دينار 1,800.00
Non-residentدينار 2,400.00دينار 24,000.00
Child Dependents Allowanceدينار 300.00دينار 300.00
Libya Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
5%Income from دينار 0.000.00to دينار 12,000.00
10%Income from دينار 12,000.01 and above
Libya Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
5%Income from دينار 0.000.00to دينار 12,000.00
10%Income from دينار 12,000.01 and above
Libya Jehad Tax Tables in : Jehad Income Tax Rates and Thresholds (Annual)
Jehad Tax RateTaxable Income Threshold
1%Income from دينار 0.000.00to دينار 600.00
2%Income from دينار 600.01 to دينار 1,200.00
3%Income from دينار 1,200.01 and above

In Libya, social security contributions made by employees are generally not deductible when calculating taxable income for personal income tax purposes. This means that the amounts employees contribute to the social security system are included in their gross income and are subject to taxation. The Libyan tax system treats these contributions as part of the employee's compensation package, and thus they are considered taxable income rather than deductible expenses. This approach aligns with the broader fiscal policies in Libya, focusing on the gross earnings of individuals for income tax assessment.

Libya Social Security and Payroll Deduction Rates in 2023

In Libya, the social security system is designed to provide financial protection and support to employees in various life situations, including retirement, health care, unemployment, and family benefits. Contributions to this system are made by both employers and employees, each funding specific benefits to ensure the welfare of the workforce and their families.

Libya Social Security in 2023: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Social Security Contributions (INAS)3.75%11.25%15%
Social Unity Fund1%0%1%
Libya Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Social Security Contributions (INAS)n/an/an/an/a
Social Unity Fundn/an/an/an/a

Historic Tax Tables supported for Libya

The following tax tables are supported by iCalculator™ LY as part of the suite of free tax tools we provide for Libya.