Libya

Is there a legal rule in Libya on the validity period of Giftcards? ›

In Libya there is no specific legal regulation on the validity period of Giftcards. Under the Civil Code, a limitation period of three years applies. Merchants must clearly communicate validity periods.

How are Giftcards treated for tax purposes in Libya (VAT, single-purpose / multi-purpose)? ›

Giftcards are subject to VAT, which is charged upon redemption. There is no distinction between single-purpose and multi-purpose Giftcards.

What special rules apply in Libya to the sale, issuance, or redemption of Giftcards? ›

The sale of Giftcards is permitted, particularly in trade and tourism. Electronic Giftcards must be registered with the Ministry of Trade.

What consumer rights apply in Libya for expired Giftcards? ›

There are no statutory rules on expired Giftcards. However, merchants must clearly state expiry dates; otherwise sanctions may apply under consumer protection law.