Citing near-term tax measures, the IMF called on the government to broaden the VAT tax base.
Estimates suggest that — without raising the VAT rate — relatively moderate measures can yield extra revenue of 1 per cent of GDP, the report said.
Meanwhile, the IMF also recommended passing a new income tax law to replace the existing outdated one and fine-tuning the VAT by, among other things, removing the exemption on diesel, as medium-term measures to improve Lebanon’s tax revenue.
Source: thenationalnews.com
