LY · AfricaNI · Americas
Libya vs Nicaragua: tax rates compared
Nicaragua's income tax rate is 20pp higher than Libya's (30% vs 10%). The 200-country average is 28%: Libya sits below it, Nicaragua sits above 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 | LY | NI | Difference |
|---|---|---|---|
| Income Tax | 10% | 30% | NI +20 pplargest gap |
| Corporate Tax | 20% | 30% | NI +10 pp |
| VAT | 0% | 15% | NI +15 pp |
| Capital Gains Tax | 0% | 15% | NI +15 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 |
| Nicaragua | 30% | Source: PWC Worldwide Tax Summaries — Nicaragua (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −20 pp | Nicaragua higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Nicaragua | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −10 pp | Nicaragua higher |
Nicaragua's corporate tax rate is 10pp higher than Libya's (30% vs 20%). The 201-country average is 22.6%: Libya sits below it, Nicaragua sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Corporate, Other taxes) · as of 2026-05-31 |
| Nicaragua | 15% | Source: PWC Worldwide Tax Summaries — Nicaragua (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | −15 pp | Nicaragua higher |
Nicaragua's VAT rate is 15pp higher than Libya's (15% vs 0%). The 181-country average is 15%: Libya sits below it, Nicaragua matches the world average.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Nicaragua | 15% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Nicaragua · as of 2025-10-01 |
| Difference | −15 pp | Nicaragua higher |
Nicaragua's capital gains tax rate is 15pp higher than Libya's (15% vs 0%). The 175-country average is 10.3%: Libya sits below it, Nicaragua sits above it. Libya's figure is dated 2026-05-31 and Nicaragua's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-31 |
| Nicaragua | 0% | Source: PWC Worldwide Tax Summaries — Nicaragua (Individual, Other taxes) · as of 2026-01-12 |
| Difference | 0 pp | displayed rates match |
Libya's wealth tax rate is identical to Nicaragua's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.