SAWT BEIRUT INTERNATIONAL

| 22 May 2024, Wednesday |

What are the new taxes imposed on Lebanese citizens?

Lately, there has been a lot of chatter regarding salary increases in both the public and private sectors. The state must secure at least revenue to cover the expense of increasing the transportation allowance, which has already been confirmed, but where and how will those revenues be secured?

According to Sawt Beirut International sources:

To begin with, there was a massive increase in the price of gasoline tanks, which resulted in an increase in state revenue via the TVA tax, which totaled 35,000 Lebanese pounds per tank.

Second, allegations behind the scenes reveal that the customs value will soon witness an increase to reach a 10-pound-to-dollar exchange rate, which would represent a great increase for citizens.

Third, the real estate tax, which was the first tool used to boost state revenue during the present crisis.

Is it conceivable for Lebanon’s real estate to become a source of revenue again?

There are numerous options, but the most crucial factor is maintaining a minimal level of political and security stability.

    Source:
  • Sawt Beirut International