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Libya vs Turkmenistan
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฑ๐Ÿ‡พ Libya
vs
๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“15%
Post-conflict normalization; tax system rebuilding
No change
10%
10% flat; gas revenues fund state expenditure
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0%
VAT introduction discussed as fiscal reform
No change
15%
15% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
20%
20%; oil sector reconstruction
No change
8โ€“20%
8%/20%; China gas pipeline dominant
No change
Capital Gains Tax
Capital Gains Tax
20%
20% nominal
No change
10%
10% nominal
No change
Social Security & Payroll
Social Security / Payroll
~17.75%
SSF; reform dependent on political stability
No change
~35%
State-funded social system; gas wealth subsidizes pensions
No change
State, Regional & Local Taxes

๐Ÿ‡ฑ๐Ÿ‡พ Libya โ€” 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 โ€” 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.

๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan โ€” Velayat & Etrap Administrations

Turkmenistan's 5 velayats (provinces) and Ashgabat city have highly centralized administration under an authoritarian state. Turkmenistan has among the world's largest natural gas reserves, exporting most to China. The economy is heavily state-controlled with limited private sector. Citizens historically received free gas, electricity, water, and subsidized food (subsidies now being reformed). International transparency is very limited, making reliable tax data difficult to obtain from this closed state.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Libya vs Turkmenistan: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฑ๐Ÿ‡พ Libya has a higher top income tax rate (0โ€“15% vs 10%). ๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Turkmenistan has a higher consumption tax (0% vs 15%).

๐Ÿข Corporate Tax: Corporate rates are similar in both countries (20% vs 8โ€“20%).

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan taxes investment gains at a lower rate (10% vs 20%), benefiting investors.

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