Ain Libya Unveils Major Tax Reform Details
The Libyan Tax Authority is working on developing its tax system with the aim of diversifying the country's revenue sources and reducing dependence on oil. This includes reforms such as updating procedures, digital transformation, and expanding the tax base. These reforms enhance collection efficiency, facilitate compliance, and combat tax evasion, all with the goal of creating a fairer and more transparent system. The plan involves building a unified database, simplifying procedures, and incorporating unregistered activities into the system, while continuing to improve legislation and develop electronic services to achieve a noticeable increase in tax revenues, which have become the main source of income after oil.
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