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Lebanon News - Business, Taxation & Offshore

IMF Urges Action From Lebanon On Tax Take

by Lorys Charalambous,, Cyprus

Tuesday, January 31, 2017

Lebanese tax collections have declined by four percent of gross domestic product over four years due to earlier cuts to fuel tax and deteriorating compliance rates, the International Monetary Fund said.Read Full Story


OECD Global Tax Forum Hails Milestone Achievement

by Ulrika Lomas,, Brussels

Monday, November 7, 2016

The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes celebrated the end of the first phase of reviews of all countries at its annual meeting on November 2-4.Read Full Story



Five States Agree To Adopt New Tax Transparency Standard

by Ulrika Lomas,, Brussels

Wednesday, May 18, 2016

Bahrain, Lebanon, Nauru, Panama, and Vanuatu - five territories that were earlier criticized for not following tax transparency standards – have newly committed to sharing financial account information automatically with other countries.Read Full Story


MENA Countries Seeking To Improve Fiscal Transparency

by Lorys Charalambous,, Cyprus

Friday, March 18, 2016

The International Monetary Fund's Middle East Center for Economics and Finance and the Middle East Regional Technical Assistance Center organized a regional workshop on "Fiscal Reporting and Transparency" in Kuwait City, Kuwait, from March 13–16, 2016.Read Full Story



IMF Recommends Tax Reforms For Lebanon

by Lorys Charalambous,, Cyprus

Monday, May 18, 2015

The International Monetary Fund has said that there is scope for Lebanon to increase tax in a fair manner, including by broadening the tax base and strengthening compliance, ensuring that all economic sectors share the burden.Read Full Story


Lebanon Urged To Drop Second VAT Rate Plans

by Lorys Charalambous,, Cyprus

Monday, August 4, 2014

The International Monetary Fund has advised Lebanon to refrain from introducing a second rate of value-added tax as part of the nation's efforts to broaden the tax base. Read Full Story