Parliamentary sources have revealed to Sada Economic Newspaper that the proposal from the Central Bank of Libya to reduce the 5% foreign currency tax has not been approved. The proposal, which is part of a broader study, also included a plan to eliminate the tax by the end of this year. However, there are currently no indications of the tax being reduced to 15%, as suggested by the governor and his deputy.
The source added that the Speaker of the House of Representatives has requested clarification on the reasons behind the proposed reduction and its potential consequences, especially since the proposal coincides with the scheduled cancellation of the tax, as stipulated in a decision by the Speaker of the House. The decision, issued earlier, calls for the elimination of the tax by December 31, 2024.
