Information technology (IT) projects may now benefit from incentives offered by the Investment Development Authority of Lebanon (IDAL). The incentives include ten-year exemptions from income tax and from taxes on the distribution of dividends on IT projects.
The Council of Ministers has approved a list of the IT activities that may benefit from IDAL's tax incentives. IDAL halted granting the incentives to IT companies in the last three years because an incorrect IT list was attached to de...
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