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The House of Representatives reduces the value of the fee imposed on the exchange rate of foreign currencies to become (20)% for all purposes.

Pulbished on:

Benghazi, October 6, 2024 (LANA) - The Speaker of the Libyan House of Representatives, "Aguila Saleh", issued a decision to amend the value of the fee imposed on the official exchange rate of foreign currencies.

Article One of Resolution No. (68) of 2024 stipulated that the value of the fee imposed on the official exchange rate of foreign currencies be reduced to (20)% for all purposes, provided that the exchange rate is added to this percentage, with the possibility of reducing it according to the circumstances of the Libyan state's revenues during the period of validity of this decision.

Article Two of the decision stipulated that the revenue generated from the tax fee be used to cover the expenses of development projects, if necessary, or added to the resources allocated to the Central Bank of Libya to pay the public debt, pursuant to House of Representatives Law No. (30) of 2023, taking into account the exceptions granted by the Speaker of the House of Representatives.

(LANA)