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Lebanon Planning to Increase VAT Rate to 15%

The Lebanon government is reportedly planning to increase the standard VAT rate from 11% to 15% as part of a package of tax measures agreed to with the IMF. The increase is to be implemented gradually over a period of two years. Other measures include the introduction of new taxes on the import of certain cars, certain forms of built property, and alcoholic and sugary drinks.

Source: Orbitax


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