The first Conference on E-commerce Taxation in Libya, themed “Transitioning to e-commerce Taxation (Transitioning from a Digital Economy to a Digital Economy and Sustainable Development),” was held in Tripoli last Wednesday (29 October).
The participants included academics and experts in the fields of economics and law, aiming to discuss ways to adapt the Libyan tax system to developments in the e-commerce sector.
The conference, the official Libyan state news agency LANA reported, addressed the challenges of taxing e-commerce activities, designing a legal and legislative framework to regulate tax revenues from this sector, combating tax evasion, ensuring the payment of dues on all economic activities, encouraging investment, and creating a fair business and trade environment.
Recommendations
Conference participants recommended the need to adopt an integrated and gradual approach to digitizing tax collection systems based on a study of existing tax gaps, and to benefit from the experiences of countries that have successfully implemented digital transformation.
The most important of these is:
- The application of the tax on e-commerce
- To submit a draft law proposal on the tax on e-commerce to the legislative authorities
- To align tax laws and legislation with the requirements of the digital economy
- To support e-governance
- To develop the capacity building of human resources working in the field of digitizing electronic tax collection
- To submit a draft law proposal on the tax on e-commerce to the legislative authorities.
