FI · EuropeLY · Africa
Finland vs Libya: tax rates compared
Finland's income tax rate is 41.8pp higher than Libya's (51.8% vs 10%). The 200-country average is 28%: Finland sits above it, Libya sits below it. Finland's figure is dated 2025-01-01 and Libya's 2026-05-31, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | FI | LY | Difference |
|---|---|---|---|
| Income Tax | 51.8% | 10% | FI +41.8 pplargest gap |
| Corporate Tax | 20% | 20% | match |
| VAT | 25.5% | 0% | FI +25.5 pp |
| Capital Gains Tax | 34% | 0% | FI +34 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 51.8% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Libya | 10% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +41.8 pp | Finland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Libya | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | 0 pp | displayed rates match |
Finland's corporate tax rate is identical to Libya's — both sit at 20%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Finland | 25.5% | Source: Finnish Tax Administration (Vero) — Rates of VAT · as of 2026-01-01 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Corporate, Other taxes) · as of 2026-05-31 |
| Difference | +25.5 pp | Finland higher |
Finland's VAT rate is 25.5pp higher than Libya's (25.5% vs 0%). The 181-country average is 15%: Finland sits above it, Libya sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 34% | Source: PwC Worldwide Tax Summaries — Finland, Individual - Income determination · as of 2026-06-24 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +34 pp | Finland higher |
Finland's capital gains tax rate is 34pp higher than Libya's (34% vs 0%). The 175-country average is 10.3%: Finland sits above it, Libya sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 0% | Source: PWC Worldwide Tax Summaries — Finland (Individual, Other taxes) · as of 2026-06-24 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-31 |
| Difference | 0 pp | displayed rates match |
Finland's wealth tax rate is identical to Libya's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.