LY · AfricaTM · Asia
Libya vs Turkmenistan: tax rates compared
Libya has a corporate tax rate of 20%, 12pp above Turkmenistan's 8%. The 201-country average is 22.6%: both sit below it.
Verified data covers one of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | LY | TM | Difference |
|---|---|---|---|
| Corporate Tax | 20% | 8% | LY +12 pp |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Turkmenistan | 8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +12 pp | Libya higher |
Not covered for both countries yet: Income Tax, VAT, Capital Gains Tax, Crypto Tax, Wealth Tax.