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Lebanese Parliament has Adopted Revised Legislation to Increase Tax Rates

|Approved Changes|Lebanon
Lebanon

The Lebanese parliament has reportedly adopted amended legislation to increase revenue, including an increase in the corporate tax rate from 15% to 17% effective January 2017 and an increase in the value added tax rate to from 10% to 11% effective October 2017. Legislation for the increased tax rate was originally enacted in August 2017, but in September 2017, Lebanon's Constitutional Court iss…

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