VOL. XLIV
No. 25
18-June-2001
LEBANON
Lebanese Cabinet Approves Draft Law To Introduce 10% VAT
The Lebanese Government on 7 June approved a draft law to introduce value added tax (VAT) on goods and services at 10%, with a target date for implementation of 1 January 2002. The draft law, which must still be approved by parliament, is expected to make up some of the national revenue lost when the newly-elected government of Rafiq al-Hariri slashed import tariffs in late 2000. The government has...
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