LY · AfricaLT · Europe
Libya vs Lithuania: tax rates compared
Lithuania has an income tax rate of 32%, 22pp above Libya's 10%. The 200-country average is 28%: Libya sits below it, Lithuania sits above it. Libya's figure is dated 2026-05-31 and Lithuania's 2025-01-01, 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 | LY | LT | Difference |
|---|---|---|---|
| Income Tax | 10% | 32% | LT +22 pplargest gap |
| Corporate Tax | 20% | 16% | LY +4 pp |
| VAT | 0% | 21% | LT +21 pp |
| Capital Gains Tax | 0% | 20% | LT +20 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 10% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Lithuania | 32% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −22 pp | Lithuania higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Lithuania | 16% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +4 pp | Libya higher |
Libya has a corporate tax rate of 20%, 4pp above Lithuania's 16%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Corporate, Other taxes) · as of 2026-05-31 |
| Lithuania | 21% | Source: PWC Worldwide Tax Summaries — Lithuania (Corporate, Other taxes) · as of 2026-03-10 |
| Difference | −21 pp | Lithuania higher |
Lithuania has a VAT rate of 21%, 21pp above Libya's 0%. The 181-country average is 15%: Libya sits below it, Lithuania sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Lithuania | 20% | Source: PWC Worldwide Tax Summaries — Lithuania (Individual, Income determination) · as of 2026-03-10 |
| Difference | −20 pp | Lithuania higher |
Lithuania has a capital gains tax rate of 20%, 20pp above Libya's 0%. The 175-country average is 10.3%: Libya sits below it, Lithuania sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-31 |
| Lithuania | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-10 |
| Difference | 0 pp | displayed rates match |
Libya and Lithuania share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.