The Social Security Rate in Libya stands at 15 percent.

Social Security Rate in Libya is expected to be 15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Social Security Rate is projected to trend around 15.00 percent in 2020, according to our econometric models.


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Libya Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.00 15.00 15.00 15.00 2009 - 2019 percent Yearly

Libya Social Security Rate
In Libya, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Libya because they help to pay for many social programs including welfare, health care and many other benefits.

Libya Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 40.00 20.00 percent [+]
Personal Income Tax Rate 10.00 10.00 15.00 10.00 percent [+]
Social Security Rate 15.00 15.00 15.00 15.00 percent [+]
Social Security Rate For Companies 11.25 11.25 11.25 11.25 percent [+]
Social Security Rate For Employees 3.75 3.75 3.75 3.75 percent [+]