Lebanon MOF Posts Citizen Budget 2026

The Lebanese Ministry of Finance April 14 announced the Citizen Budget 2026. The budget includes measures to: 1) authorize a 1.5 percent advance tax on imports by taxpayers that failed to submit VAT declarations for the previous three years; 2) allow specified sectors a full tax refund on passenger vehicles used in exempt activities, with a US$30,000 tax calculation ceiling and 200 million Lebanese pound (US$2,235) minimum refund, with amounts under the minimum carried forward; 3) impose a 17 percent exceptional tax on the profits of individuals and entities from specified Sayrafa platform transactions that exceed US$100,000; 4) impose fines ...