The Double Tax Treaty Malta Libya between Malta and Libya, as amended, entered into force on the 20th of May 2010. The main features of the treaty are as follows:
Libyan Withholding Taxes
The Double Tax Treaty Malta Libya sets out a maximum Libyan withholding tax of 5% on dividends distributed by a Libyan resident company to a Maltese resident company where the Maltese resident company holds at least 10% of the share capital of the Libyan resident company. In all other circumstances, the maximum Libyan withholding tax is 15%.