Welcome to Ahmed Ghattour & Co., your trusted Libyan tax audit and advisory services partner. As an independent member of Prime Global, BOKS International, and a business associate member of Crowe Global, our firm has been delivering excellence in accounting and advisory services in Tripoli, Libya, since the 1970s.
With extensive industrial experience and a profound understanding of Libyan laws, we provide our clients with informed decisions that generate lasting value. Our dedicated team of professionals executes each service with the utmost professionalism, drawing on the latest developments in the field.
We support your business if you require expert tax advice, strategic advisory services, reliable assurance, or insightful consulting. Trust, integrity, and excellence are the foundations of our firm. By choosing Ahmed Ghattour & Co, you gain a trusted partner dedicated to your financial well-being and growth.
Your Trusted Libyan Tax Audit and Advisory Partner
Ahmed Ghattour & Co. is proud to be an independent member of Prime Global and GPSA (German Professional Services Alliance). In addition, we are a business alliance member of Crowe Global, which ranks among the top 10 global accounting networks. We enjoy offering a broad range of specialised services designed to cater to your business requirements:
In Libya, the law mandates that companies must maintain their accounting books and records on a daily basis. However, the reality is that most companies tend to update their books monthly, using daily transaction summaries as the foundation for the monthly entries. Despite this common industry practice of monthly bookkeeping, Libyan law also requires companies to keep a detailed journal ledger for tax inspection purposes. This creates a situation where companies must adhere to the daily record-keeping requirement for the journal ledger, while the main accounting books are typically updated monthly. The discrepancy between the legal obligations and the prevalent business practices suggests a need to enforce the daily record-keeping requirement more strictly or consider revising the regulations to accommodate better the realities faced by companies in Libya. Maintaining the proper journal ledger for tax inspections remains mandatory regardless of the frequency of the primary accounting book updates. In summary, the Libyan legal framework dictates daily bookkeeping. However, the majority of companies adopt a monthly approach while still being required to keep a detailed journal ledger for tax authorities.
Given the ever-evolving nature of the tax landscape, it’s essential to stay informed and seek professional guidance to ensure compliance and optimise tax planning.
Given the nature of the issues facing our clients, the rapid changes occurring in our region, and the Libyan economy, establishing this practice has become imperative.