- Lebanon’s government plans to raise VAT from 11% to 12%, pending Parliamentary approval.
- The VAT increase aims to fund salary hikes for government employees and the army.
- Petrol prices have been raised by 25% immediately; diesel prices remain unchanged to protect lower-income consumers.
- The government is also focusing on better tax and customs collection, quarry fee enforcement, and reviewing maritime properties.
Source: vatcalc.com
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.
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