Libya records 104 million dinar tax surplus in first half of 2019

Libya records 104 million dinar tax surplus in first half of 2019

July 22, 2019 - 23:04
Posted in:
Written By: AbdullahBenIbrahim

Libya has ended the first six months of 2019 with a surplus of 104 million as revenues from taxes.

The announcement came during a meeting between Vice Chairman of the Presidential Council (PC), Ahmed Maiteeq, Minister of Finance and Deputy Director General of Tax Authority, in addition to specialists from the Presidential Council and the Audit Bureau.

The meeting reviewed the difficulties faced by Tax Authority in the clearing process and the transfers of revenues by commercial banks.

Maiteeq stressed the government’s support of Tax Authority’s plans to improve tax collection and taxation process, while the Minister of Finance expressed keenness to support the Tax Authority and overcome the difficulties facing its work.