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Lebanon 11% VAT Oct 2017

  • Aug 30, 2017 | Richard Asquith

Lebanon 11% VAT Oct 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.

 


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.