Lebanon VAT rise to 11% Jan 2018

Sun 7th Jan 2018

Lebanon has gazetted a rise in its Value Added Tax from 10% to 11% from 1 January 2018.

The rise was originally approved by Parliament in October 2017.  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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