- Prime Minister Najib Mikati said raising the country’s VAT rate is not an option.
- A previous proposal to increase VAT from 10% to 12% was rejected by the Cabinet in January.
- The VAT law, introduced in 2001, has not been amended since.
- Future tax reform talks may instead focus on incentives for companies.
- Mikati was also set to meet with economic committees to promote economic dialogue and separate economic issues from politics.
Source: mtv.com.lb
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Lebanon"
- Reforming Lebanon’s VAT for Fairer Taxation
- Budget 2026 Measures Include Advance Tax on Imports for Non-Compliant Taxpayers, ….
- Lebanon Plans VAT Hike from 11% to 12%, Pending Parliamentary Approval
- Lebanon Erupts in Protest as Government Hikes VAT and Gasoline Prices Amid Economic Crisis
- Lebanon’s Finance Minister Defends Tax Hike to Fund Public Sector Wage Increase Amid Protests
