Libya vs Belize
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇱🇾 Libya — Municipal Taxes
Libya's highly fragmented political situation (two rival governments until recent consolidation efforts) has severely disrupted tax administration. The National Oil Corporation (NOC) dominates revenues via oil royalties and profits — effectively subsidizing government operations with limited need for broad-based taxation. Municipal councils levy limited local fees. The Tax Authority administers a Jihad tax (2.5% of income), employer stamp duty, and other levies. Most of the economy operates on oil subsidies rather than formal taxation.
🇧🇿 Belize — Municipal & Town Council Taxes
Belize's 6 districts and municipal/town councils levy property tax, business tax (turnover-based), and trade licences. Belize has a unique business tax system — a turnover-based tax (1.75%–19% of gross revenues by sector) instead of a traditional profit-based corporate income tax. Belize is a former British colony using English common law. It's a tourism-dependent economy with growing offshore financial services and a significant Belizean diaspora. The country has been working to exit grey lists and improve tax transparency.
Libya vs Belize: Key Tax Differences (2026)
💰 Income Tax: 🇧🇿 Belize has a higher top income tax rate (0–15% vs 0–25%). 🇱🇾 Libya is more favourable for high earners.
🛒 VAT/Sales Tax: Belize has a higher consumption tax (0% vs 12.5%).
🏢 Corporate Tax: 🇧🇿 Belize offers a lower corporate rate (19% vs 20%), which can influence business location decisions.
📈 Capital Gains: 🇧🇿 Belize taxes investment gains at a lower rate (0% vs 20%), benefiting investors.