Lebanon 11% VAT Oct 2017
- Aug 30, 2017 | Richard Asquith
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.