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India vs Libya: tax rates compared
India's income tax rate is 20pp higher than Libya's (30% vs 10%). The 200-country average is 28%: India sits above it, Libya sits below it.
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 | IN | LY | Difference |
|---|---|---|---|
| Income Tax | 30% | 10% | IN +20 pplargest gap |
| Corporate Tax | 30% | 20% | IN +10 pp |
| VAT | 18% | 0% | IN +18 pp |
| Capital Gains Tax | 12.5% | 0% | IN +12.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| India | 30% | Source: PWC Worldwide Tax Summaries — India (Individual, Taxes on personal income) · as of 2026-05-12 |
| Libya | 10% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +20 pp | India higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| India | 30% | 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 | +10 pp | India higher |
India's corporate tax rate is 10pp higher than Libya's (30% vs 20%). The 201-country average is 22.6%: India sits above it, Libya sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| India | 18% | Source: PWC Worldwide Tax Summaries — India (Corporate, Other taxes) · as of 2026-05-11 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Corporate, Other taxes) · as of 2026-05-31 |
| Difference | +18 pp | India higher |
India's VAT rate is 18pp higher than Libya's (18% vs 0%). The 181-country average is 15%: India sits above it, Libya sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| India | 12.5% | Source: PWC Worldwide Tax Summaries — India (Individual, Other taxes) · as of 2024-07-23 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +12.5 pp | India higher |
India's capital gains tax rate is 12.5pp higher than Libya's (12.5% vs 0%). The 175-country average is 10.3%: India sits above it, Libya sits below it. India's figure is dated 2024-07-23 and Libya's 2026-05-31, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| India | 0% | Source: PWC Worldwide Tax Summaries — India (Individual, Other taxes) · as of 2026-05-12 |
| 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 |
India'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.