VOL. XLI

No. 18

4-May-1998

LEBANON

Lebanon Raises Import Duties By 2%

The Lebanese Government announced on 25 April that it will raise all import taxes by anadditional 2% and duties on cigarettes by 10%, effective immediately, to finance publicsector pay rises. Although no figures were disclosed by the government, the rises intariffs are expected to cover a third to half of the cost of the pay rises, which havebeen estimated at $260-400mn a year. Parliament will still have to approve the new...