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
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
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
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
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
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
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