New Income Tax Law to Promote Investment

The Lebanese Tax Law Review and Reform Committee held a meeting aimed at developing a modern tax law that complies with international standards and promotes financial justice. It was agreed to establish guiding principles that include legality, transparency, and accountability, along with a detailed review of the legal provisions and a technical audit to combat tax evasion. This will be done in collaboration with unions and experts to create a fairer and more sustainable system. The project aims to broaden the tax base and achieve a balance between encouraging investment and providing fair revenues to the treasury.

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