Libya or Turkmenistan: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Libya and Turkmenistan weigh about the same on the taxpayer.

Libya

7.7/10

24th of 217

Tax Libya Turkmenistan Gap
Corporate income tax headline rate 20% 8% +12.0 points
Personal income tax top bracket 5% to 10% 10% Same rate
VAT standard rate 0% 15% −15.0 points

Detailed schedules

Corporate income tax

Libya

n/a

Turkmenistan

Resident private companies 8%
Entities over 50% state-owned 20%
Oil and gas 20%
See the Libya page See the Turkmenistan page