HoR Law No. 1-2025 on the repeal of statute of limitations for state-owned tax liabilities

House of Representatives (HoR)

Law No. (1) of 2025

Law issuance date: 23 January 2025

Article (1)

Article 25 of the Income Tax Law No. (7) of 2010 has been amended as follows:

The State’s right to claim the receivables to which it is entitled under the provisions of this Act does not lapse upon the expiration of the statute of limitations, and the provision of this article applies to all cases of the statute of limitations that have not yet expired.

Conclusion: The seven-year statute of limitations specified in Article 25 of the Income Tax Law No. 7/2010 has been repealed, and paragraph (1) above applies to all cases where the statute of limitations has not yet expired.

Below is the link to the full text of the Law (Law Society of Libya website):

https://lawsociety.ly/legislation/%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%B1%D9%82%D9%85-1-%D9%84%D8%B3%D9%86%D8%A9-2025-%D9%85-%D8%A8%D8%B4%D8%A3%D9%86-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%B1%D9%82%D9%85-7/

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Libya Temsilciler Meclisi (House of Representatives) 

1-2025 no.lu Kanun

(Kanun Tarihi: 23.01.2025)

Madde (1)

2010 tarihli 7 sayılı Gelir Vergisi Kanunu’nun 25.nci maddesi aşağıdaki şekilde değiştirilmiştir: 

Devletin bu Kanun'un hükümleri uyarınca kendisine ait olan alacakları talep etme hakkı, sürenin dolmasıyla ortadan kalkmaz ve bu maddenin hükmü, süresi dolmamış tüm zamanaşımı durumlarına uygulanır.

Sonuç: 7/2010 no'lu Gelir Vergisi Kanunu’nun 25. Maddesinde belirtilen yedi yıllık zamanaşımı süresi kaldırılmıştır ve süresi dolmamış tüm zamanaşımı durumlarına yukarıdaki Madde (1) uygulanır.

Laws, decisions and regulations in force governing the activities of international construction companies in Libya

Click the Google Drive link below to download any/all of the following PDF documents:

• Libyan Civil Code.
• Law No. 12/2004 on stamp tax.
• Law No. 7-2010 on income tax.
• Law No. 10-2010 on customs.
• Law No. 23-2010 on commercial activities.
• Law No. 19-2013 on the re-organization of the Libyan Audit Bureau.
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• Decision No. 14-2012 by the Customs Authority on the temporary import (partial translation).
• Decision No. 207-2012 by the Ministry of Economy on the regulations for foreign company branches.
• Decision No. 600-2024 on the regulations for public work contracts (ACR).
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• List of documents required for opening a foreign company branch in Libya according to the provisions of Decision No. 207-2012 by the Ministry of Economy.
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• Indicative Price List (2026).
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• (Türkçe) 12-2010 Libya İş Kanunu.
• (Türkçe) 600-2024 No.lu Karar - Kamu Projesi Sözleşmeleri Yönetmeliği (Ekim 2024'ten itibaren yürürlükte).
• (Türkçe) Türkiye Müteahhitler Birliği (TMB) tarafından hazırlanan rapor (600/2024 no.lu Karar - Kamu Projesi Sözleşmeleri Yönetmeliği hk.).

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https://drive.google.com/drive/folders/1_VsRnlCqN5cOcPZVbOKZY-lnlVueBBcC?usp=drive_link

General Tender Announcement by Arabian Gulf Oil Company (AGOCO) : MTC-27/2026 (Provision and Installation of a 70,000-barrel Crude Oil Storage Tank at the Al-Sarir Field)

The original date of the post was adjusted to avoid clutter on Blogspot

General Tender Announcement

By: Arabian Gulf Oil Company (AGOCO)

Tender Description Summary

 

Announcement Starting Date	13 August 2026
Announcement Closing Date	23 August 2026 CLOSED
Tender No.	MTC-27/2026
Project No.	R-80
Tender Title	Provision and Installation of a 70,000-barrel Crude Oil Storage Tank at the Al-Sarir Field
Brief Scope of Work	The scope of the project primarily consists of the "provision and installation of a 70,000-barrel crude oil storage tank at the Al-Sarir field," in accordance with industry specifications and international standards. All project work must comply with the requirements specified in the bidding documents. Please note that this summary does not constitute a complete tender for the project; rather, the formal tender documents, terms, and conditions serve as the sole and final reference.
Bid-Bond	LYD 375,000 (certified check, or irrevocable and confirmed bank guarantee issued by a commercial bank operating in Libya or by a first-class European bank)
Cost to Purchase the Bidding Documents	LYD 3,000 (non-refundable) –  The payment must be a certified check to be issued under the order of the account-holder bidder-company.
Deadline of Submission of Technical and Financial Offers	23 September 2026 -Wednesday- (by 12:30 hours at the latest)
E-Mail address	mtc@agoco.ly

View Official Announcement:

https://agoco.ly/10650-2/