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.
2023 Tax Tables [Quick Links]
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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 2023Residence Status | Standard Deduction (Single) | Standard Deduction (Mingle) |
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Resident | دينار 1,800.00 | دينار 1,800.00 |
Non-resident | دينار 2,400.00 | دينار 24,000.00 |
Child Dependents Allowance | دينار 300.00 | دينار 300.00 |
Libya Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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5% | Income from دينار 0.000.00 | to | 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 Rate | Taxable Income Threshold |
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5% | Income from دينار 0.000.00 | to | 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 Rate | Taxable Income Threshold |
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1% | Income from دينار 0.000.00 | to | 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 EmployeesCategory | Employee | Employer | Total |
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Social Security Contributions (INAS) | 3.75% | 11.25% | 15% |
Social Unity Fund | 1% | 0% | 1% |
Libya Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and EmployeesCategory | Employee | Employer |
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Min. | Max. | Min. | Max. |
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Social Security Contributions (INAS) | n/a | n/a | n/a | n/a |
Social Unity Fund | n/a | n/a | n/a | n/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.