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Lebanon VAT rise to 11% Jan 2018

  • VAT
  • 07 January 2018 | Richard Asquith

Lebanon VAT rise to 11% 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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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 is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.