Libya – Social Security Contribution Percentage Change
On 1st of June 2022, the Libyan Ministry of Finance issued a resolution to modify the social security contribution rates.
The contribution rate has been increased for all nationalities including Libyans but Pakistanis are exempted. The increase is as follows:
- Employee contributions has increased from 3.750% to 5.125%
- Employer contributions for Libyan Private Companies has increased from 10.500% to 14.350%
- Employer contributions for Foreign Companies has increased from 11.250% to 15.375%
In September 2022 the Libyan Private sector and foreign companies were also included in decree to increase the contribution rates
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