6 December 2011
The Ministry of Finance published recently the draft Budget for 2012. Once approved, the measures will apply as of 1 January 2012. The most important tax measures are summarized below.
|-||The application of the reduced 5% dividend withholding tax rate will be restricted to distributions made by resident companies listed on Beirut Stock Exchange. Accordingly, the 10% standard withholding tax rate will apply instead of the 5% reduced rate in the following situations:
|-||The withholding tax rate has been increased from 5% to 8% for specific types of interest.|
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