News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
22
o
Bekaa
15
o
Keserwan
22
o
Metn
22
o
Mount Lebanon
18
o
North
19
o
South
23
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Vision 2030
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
22
o
Bekaa
15
o
Keserwan
22
o
Metn
22
o
Mount Lebanon
18
o
North
19
o
South
23
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
New taxes and fees: Lebanon's 2024 budget shifts to dollar payments
News Bulletin Reports
10-09-2023 | 12:29
High views
Share
Share
3
min
New taxes and fees: Lebanon's 2024 budget shifts to dollar payments
For the first time in its history, Lebanon's 2024 budget, currently under discussion in the cabinet, is abandoning the local currency and moving towards collecting various fees and taxes in dollars. This shift has raised concerns among citizens as it may lead to additional price hikes for various goods if the dollar exchange rate rises against the Lebanese lira.
The main changes in the budget include:
- Customs fees will now be collected in US dollars, compared to the previous use of the exchange rate. This could result in higher prices for many consumer goods if the dollar appreciates against the lira.
- All port and airport fees in the 2024 budget will be denominated in dollars, including departure fees for travelers by sea and air.
- The fees collected by the Electricité du Liban (EDL) become in dollars after being at the exchange rate plus 20 percent, including invoices.
- Residence fees for work permit holders of all categories will also be converted to dollars.
- The petroleum sector, which has long been a dream, will now be subject to fees payable in dollars, including the state's share of this sector.
In addition to these dollar-based changes, the 2024 budget introduces several new taxes and updates to existing ones, including:
- Increasing the value-added tax (VAT) from 11 to 12 percent.
- Introducing a fee for expedited services means having citizens pay extra for faster government transactions.
- Imposing fees for solid waste collection services, additional fees on transactions with the Education Ministry, and increases in real estate transaction fees, among others.
The Finance Ministry aims to use these measures to repair the state's treasury and its financing capacity, particularly for paying public sector salaries, following the BDL's decision to suspend its funding.
However, the government is using the easy way out. Critics argue that these measures place a heavier burden on citizens instead of implementing essential reforms that secure revenue, such as combatting tax evasion and smuggling or eliminating fictitious public sector jobs.
How can Lebanon's economy recover under these circumstances?
Lebanon News
Lebanon Economy
News Bulletin Reports
New
Taxes
Fees
Impose
Lebanon
Budget
Dollar
Payments
Next
From South Lebanon to Bekaa: Israel’s plan to reconfigure border security
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:30
Gaza peace summit leaves Lebanon on the sidelines: Can Beirut balance pragmatism and security?
News Bulletin Reports
13:30
Gaza peace summit leaves Lebanon on the sidelines: Can Beirut balance pragmatism and security?
0
News Bulletin Reports
13:00
Lives on the line: Migration by sea from Lebanon sees sharp decline
News Bulletin Reports
13:00
Lives on the line: Migration by sea from Lebanon sees sharp decline
0
News Bulletin Reports
2025-10-12
Syrian detainees in Lebanon: Legal hurdles shape possible returns
News Bulletin Reports
2025-10-12
Syrian detainees in Lebanon: Legal hurdles shape possible returns
0
News Bulletin Reports
2025-10-12
Countdown to Trump visit: Hamas seeks detainee release, Israel stands firm
News Bulletin Reports
2025-10-12
Countdown to Trump visit: Hamas seeks detainee release, Israel stands firm
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Israel-Gaza War Updates
12:41
US, Egypt, Qatar, Turkey sign Gaza declaration
Israel-Gaza War Updates
12:41
US, Egypt, Qatar, Turkey sign Gaza declaration
0
Middle East News
14:25
Trump leaves Egypt after Gaza summit: AFP
Middle East News
14:25
Trump leaves Egypt after Gaza summit: AFP
0
Lebanon News
07:37
Lebanese President says 'necessary to negotiate' with Israel
Lebanon News
07:37
Lebanese President says 'necessary to negotiate' with Israel
0
World News
14:34
Rubio calls for 'immediate release' of 700 Cuban political prisoners
World News
14:34
Rubio calls for 'immediate release' of 700 Cuban political prisoners
Videos
d-none hideMe
0
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
0
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
0
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
07:37
Lebanese President says 'necessary to negotiate' with Israel
Lebanon News
07:37
Lebanese President says 'necessary to negotiate' with Israel
2
Lebanon News
08:59
Trump praises Lebanon’s new president during Knesset address
Lebanon News
08:59
Trump praises Lebanon’s new president during Knesset address
3
Middle East News
04:30
Trump hails ‘great honor’ as he signs Knesset guest book
Middle East News
04:30
Trump hails ‘great honor’ as he signs Knesset guest book
4
Lebanon News
11:40
Lindsey Graham: Lebanon must disarm Hezbollah to secure lasting regional peace
Lebanon News
11:40
Lindsey Graham: Lebanon must disarm Hezbollah to secure lasting regional peace
5
Middle East News
07:35
Knesset protest briefly interrupts Trump speech
Middle East News
07:35
Knesset protest briefly interrupts Trump speech
6
Israel-Gaza War Updates
23:21
Palestinian journalist Saleh Al Jafarawi killed in clashes in southern Gaza City
Israel-Gaza War Updates
23:21
Palestinian journalist Saleh Al Jafarawi killed in clashes in southern Gaza City
7
News Bulletin Reports
13:30
Gaza peace summit leaves Lebanon on the sidelines: Can Beirut balance pragmatism and security?
News Bulletin Reports
13:30
Gaza peace summit leaves Lebanon on the sidelines: Can Beirut balance pragmatism and security?
8
Israel-Gaza War Updates
01:53
Hamas handed over seven hostages to Red Cross: Radio
Israel-Gaza War Updates
01:53
Hamas handed over seven hostages to Red Cross: Radio
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More