Lebanon News

Switzerland To Expand AEOI Network

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

The Swiss Federal Council has adopted a dispatch on the introduction of the automatic exchange of financial account information with a further 19 partner states. Read Full Story

14 Territories Praised By OECD For Tax Transparency Advances

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 29, 2017

A number of territories that had failed to demonstrate they have complied with international tax transparency standards have had their ratings upgraded by the OECD, following "fast-track" peer reviews. Read Full Story

Lebanon Joins OECD's Multilateral Tax Pact

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, May 16, 2017

Lebanon became the 111th jurisdiction to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters on May 12, 2017. Read Full Story

IMF Urges Action From Lebanon On Tax Take

by Lorys Charalambous, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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

OECD Reveals Global Forum Compliance Rankings

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, November 28, 2013

The Organization for Economic Cooperation and Development has ranked 50 countries and jurisdictions according to their compliance with international information exchange standards. Read Full Story

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