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Libya Providing Tax Penalty Relief for COVID-19 — Orbitax Tax News & Alerts

According to recent reports, Libya's tax department has suspended penalties on late payments and the late submission of certain tax documentation, including returns, due to COVID-19. The penalty suspension applies in relation to both corporate and individual income tax under the Income Tax law and stamp duty under the Stamp Duty Law from 9 April 2020 until the end of the COVID-19 health emergency period.