The "Doing Business in Libya" guide summarizes all the information you need to establish yourself in Libya. This version of the PKF Libya Tax Guide contains personal tax information and professional tax details for Libya, including the following information:

Taxes Payable:

• Federal taxes and levies
• Company tax
• Capital gains tax
• Branch profits tax
• Sales tax / value added tax
• Fringe benefits tax
• Local taxes
• Other taxes

Determination of Taxable Income:

• Capital allowances
• Depreciation
• Stock / inventory
• Capital gains and losses
• Dividends
• Interest deductions
• Losses
• Foreign sources income
• Incentives

It also includes details on: foreign tax relief, corporate groups, related party transactions, withholding tax, exchange control, personal income tax, treaties, and non-conventional withholding tax rates.

Libya PKF Tax Guide 2011.pdf