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Brazil vs Libya
Tax Rate Comparison

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

πŸ‡§πŸ‡· Brazil
vs
πŸ‡±πŸ‡Ύ Libya
Tax Year:

πŸ’° Personal Income Tax Calculator

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

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0–27.5%
Zero-rate up to R$5,000/mo fully effective
No change
0–15%
Post-conflict normalization; tax system rebuilding
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
~27.5% combined
IBS+CBS advancing; ICMS/ISS phasing out
β–Ό -0.5pp vs 2025
0%
VAT introduction discussed as fiscal reform
No change
Corporate Tax Rate
Corporate Tax Rate
34%
34% maintained; reform discussions ongoing
No change
20%
20%; oil sector reconstruction
No change
Capital Gains Tax
Capital Gains Tax
15–22.5%
Offshore income now fully captured
No change
20%
20% nominal
No change
Social Security & Payroll
Social Security / Payroll
~36%
Payroll simplification proposals ongoing
No change
~17.75%
SSF; reform dependent on political stability
No change
State, Regional & Local Taxes

πŸ‡§πŸ‡· Brazil β€” State & Municipal Taxes

Brazil has one of the world's most complex tax systems. States levy ICMS at 7%–18% varying by state. Municipalities levy ISS (services tax) at 2%–5% and IPTU (urban property tax). A sweeping tax reform (EC 132/2023) is gradually replacing ICMS/ISS with unified IBS and CBS taxes through 2033. States impose ITCMD (inheritance/gift tax) up to 8%.

πŸ‡±πŸ‡Ύ Libya β€” 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 β€” 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.

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

Brazil vs Libya: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡§πŸ‡· Brazil has a higher top income tax rate (0–27.5% vs 0–15%). πŸ‡±πŸ‡Ύ Libya is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Brazil has a higher consumption tax (~27.5% combined vs 0%).

🏒 Corporate Tax: πŸ‡±πŸ‡Ύ Libya offers a lower corporate rate (20% vs 34%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡±πŸ‡Ύ Libya taxes investment gains at a lower rate (20% vs 22.5%), benefiting investors.

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