Lebanon 11% VAT Oct 2017

Thu 31st Aug 2017

Lebanon has gazetted a rise in its Value Added Tax from 10% to 11% from 1 October 2017.

The rise was originally approved by Parliament in March year.  The increase in VAT is part of a range of tax rises being introduced to help control the rapidly rising state debt levels.  Following a number of years of non-functioning government, debt as a % of GDP rose to the world’s third highest.

 



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