At Ahmed Ghattour & Co, we understand Libya’s evolving tax landscape and the business challenges. Our comprehensive tax services enhance your tax opportunities and help you make strategic decisions.

Tax Planning and Optimization:
Effective tax planning can significantly improve cash flows and reduce tax burden. Our experienced team works closely with you to develop personalised strategies that align with Libyan tax laws.

Indirect Tax Services:
Managing indirect taxes requires deep expertise in evolving tax bases and obligations. We provide sustainable and valuable results, helping you effectively manage your organisation’s tax footprint. Our services include indirect tax return preparation, managed audits, process improvement, and taxability determinations.

Corporate Business Tax Services:
Based in Tripoli, our trusted team assists you with corporate tax matters, such as preparing detailed tax reports, accounting services related to income taxes, and advising on tax implications. We also handle correspondence with tax authorities and identify opportunities to manage your business taxes effectively.

Tax Compliance:
Complying with Libyan tax laws is crucial for avoiding legal consequences and unlocking growth opportunities. Our qualified Libyan tax advisers help you navigate complex legal environments while meeting your business goals. Our tax compliance services include business tax compliance, succession and exit tax planning, tax investigations, tax planning, and transaction services.

Principal Taxes in Libya:
Understanding the principal taxes in Libya is essential, especially for foreign investors. We provide detailed planning to ensure compliance with Libyan laws and regulations while optimising your overall tax advantages. The principal taxes in Libya include:

• Revenue duties: Contracts negotiated in Libya, excluding direct supplies, must be registered with the tax department within 60 days, incurring a 1% stamp tax on the contract value plus an additional 0.05% on the stamp tax.
• Corporate tax: The flat rate for corporate tax is 20% on net profits. Companies must submit an annual tax declaration certified by a Certified Libyan Accountant within four months after the fiscal year ends.
• Salaries and wages tax: Libyan salaries and wages tax applies to all employment-related income, with tax rates ranging from 5% to 10%. Foreign nationals can remit 50% of their net salary in foreign currency to their home country.
• Jehad tax: Levied under Law No. 44/1970, Jehad Tax applies to personal incomes 3% and corporate profits 4%.
• Withholding taxes: Government bodies deduct 0.05% stamp duty from all payments made by them, with an additional 0.2% payable on official receipts.

By partnering with us, you can ensure accurate tax compliance and mitigate risks while maximising your tax advantages.