Thursday, July 20, 2017

19 taxes legislated. Value Added Tax raised to 11 percent


Parliament ratified on Wednesday additional tax laws to those voted in March, bringing them to 19. Minor amendments were introduced to the articles. The tax law will be used to finance the increases and changes in the salary scale of public employees.

The Value Added Tax (VAT) was increased to 11 percent.

A law on the illegal occupation of public maritime property was also ratified. Prime Minister Saad Hariri said: "This issue should have been resolved 20 years ago but because toda...

Article details

No comments:

Post a Comment