Lebanon VAT rise to 11% Jan 2018
- Jan 6, 2018 | Richard Asquith
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.