Taxes on salaries in US dollars stir controversy

Lebanon Economy
2022-12-06 | 12:50
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Taxes on salaries in US dollars stir controversy
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Taxes on salaries in US dollars stir controversy
The attempt by the financial authorities to secure treasury revenues to cover the deficit in the 2022 budget by raising taxes on those who receive salaries in US dollars in Lebanon did not go unnoticed.

The outcry that rose with the threat of foreign companies that they would leave Lebanon if they and their employees had to pay high taxes, slowed down the issue. 

The solution came, however, from the Parliament, as the Finance and Budget Committee listened to Caretaker Minister of Finance Youssef al-Khalil about his decisions in this regard.

The minister assured to the committee that he and his team have been working since last week to find a solution to relieve the citizen and secure revenues to cover budget expenditures. 

However, the minister’s statement did not succeed, and the minister’s decision was delayed.

The Ministry of Finance did not explicitly announce it. It confirmed in a statement the minister’s intention to complete the meetings he had previously initiated with labor bodies, economic actors, and other stakeholders in preparation for taking the necessary decision in a way that ensures effective treatment that preserves the rights of employees as well as the rights of the treasury.
 

Breaking Headlines

Lebanon News

Lebanon Economy

News Bulletin Reports

Taxes

Salaries

Finance

Lebanon

LBCI Next
Alfa, Touch employees declare open-ended strike, vow escalation
Parliament slowly moves forward in discussing Capital Control Law
LBCI Previous
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store