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Suriname vs Libya
Tax Rate Comparison

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

๐Ÿ‡ธ๐Ÿ‡ท Suriname
vs
๐Ÿ‡ฑ๐Ÿ‡พ Libya
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€“38%
38% top; oil revenues transforming fiscal position
No change
0โ€“15%
Post-conflict normalization; tax system rebuilding
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
10%
10% maintained
No change
0%
VAT introduction discussed as fiscal reform
No change
Corporate Tax Rate
Corporate Tax Rate
36%
36%; new oil field revenues from Block 58
No change
20%
20%; oil sector reconstruction
No change
Capital Gains Tax
Capital Gains Tax
36%
36% as income
No change
20%
20% nominal
No change
Social Security & Payroll
Social Security / Payroll
~20%
SVB reform; oil wealth improving social spending
No change
~17.75%
SSF; reform dependent on political stability
No change
State, Regional & Local Taxes

๐Ÿ‡ธ๐Ÿ‡ท Suriname โ€” District Administrations

Suriname's 10 districts have limited local taxing authority within national frameworks. The Surinaamse Belastingdienst administers national taxes. Suriname went through a severe debt crisis in 2020โ€“21 and defaulted on its sovereign debt; an IMF program is stabilizing the economy. Oil (Staatsolie) and gold mining are dominant revenue sources. A major TotalEnergies offshore oil discovery (Block 58) is advancing toward production. Suriname uses the Surinamese dollar (SRD); significant devaluation has affected the real tax burden.

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.

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.

Suriname vs Libya: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ธ๐Ÿ‡ท Suriname has a higher top income tax rate (0โ€“38% vs 0โ€“15%). ๐Ÿ‡ฑ๐Ÿ‡พ Libya is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Suriname has a higher consumption tax (10% vs 0%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฑ๐Ÿ‡พ Libya offers a lower corporate rate (20% vs 36%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฑ๐Ÿ‡พ Libya taxes investment gains at a lower rate (20% vs 36%), benefiting investors.

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