The Grand Serail, located in downtown Beirut, on April 28, 2024. (Credit: Mohammad Yassine/L'Orient-Le Jour)
On Aug. 12, and despite the spillovers in southern Lebanon from the Gaza war, the government approved a bill aimed at taxing individuals and companies that have repaid large loans during these five years of crisis by playing on the collapse of the pound and the coexistence of several exchange rates.This project plans to allocate these revenues to any fund or structure that the state would create to finance the reimbursement of deposits illegally blocked by banks established in Lebanon, a situation that has lasted since the end of 2019."The project does not establish a new tax, as many of its detractors believe or make people believe," tax lawyer Karim Daher, who was one of the drafters of the project, told L'Orient-Le Jour, which also went through the deputy prime minister, Saadeh Chami, and the Finance Ministry. The text was first...
On Aug. 12, and despite the spillovers in southern Lebanon from the Gaza war, the government approved a bill aimed at taxing individuals and companies that have repaid large loans during these five years of crisis by playing on the collapse of the pound and the coexistence of several exchange rates.This project plans to allocate these revenues to any fund or structure that the state would create to finance the reimbursement of deposits illegally blocked by banks established in Lebanon, a situation that has lasted since the end of 2019."The project does not establish a new tax, as many of its detractors believe or make people believe," tax lawyer Karim Daher, who was one of the drafters of the project, told L'Orient-Le Jour, which also went through the deputy prime minister, Saadeh Chami, and the Finance Ministry. The text was first...
