Libya’s Tax Authority announced last Thursday (24 April) consultations were held in Vienna, Austria between 22 to 24 April on the conclusion of an agreement to avoid double taxation.
The consultations took place between the head of the Libyan Tax Authority and his accompanying delegation, and the head of the Austrian Tax Authority (FAÖ) and his accompanying delegation.
The Libyan Tax Authority said this agreement aims to promote a more transparent and fair investment environment, which contributes to supporting trade between the two countries and facilitating the movement of investment.
The negotiations, it added, took place in the presence of several officials from both sides, where the two parties stressed the importance of this agreement in supporting economic and trade relations between Libya and Austria.
This cooperation, it continued, comes within the framework of the two countries’ efforts to strengthen the economic partnership and reduce the tax burden on investors, thus contributing to improving the business environment and stimulating economic growth.
