Higher taxes on high-and low-income earners
Law No. 45 of August 21, 2017 amends and introduces new taxes and fees. Contrary to what has been stated by officials, these taxes are not only levied on high-income earners but also on low-income earners. The following table compares between the old and the new taxes and fees.
|
Tax |
Old ratio or value |
New ratio or value |
|
Value Added Tax (VAT) |
10% |
11% |
|
Revenue stamp |
0,003% |
0,004% |
|
Police record |
LBP 2,000 |
LBP 4,000 |
|
Phone or internet bill |
- |
2,500LBP |
|
Deed of release, delivery or deposit receipt |
100 LBP |
250LBP |
|
Bank statement |
100 LBP |
250 LBP |
|
Voucher, document, or invoice confirming receipt or deposit of money or commercial securities |
100 LBP |
250 LBP |
|
Receipt issued by phone and Internet companies, invoice, or prepaid card |
- |
2,500LBP |
|
Unpaid bill |
100 LBP |
250 LBP |
|
|
100 LBP |
250 LBP
|
|
Cement production (per ton) |
- |
6,000 LBP |
|
Higher fees on the consumption of imported spirits |
Beer: LBP 60/liter Arrack: LBP 200/liter Whiskey: LBP 400/liter
|
15% of the final price of product 35% of the final price of product 25% of the final price of product |
|
Higher fees on the consumption of imported tobacco |
- |
An increase of LBP 250 on each pack of cigarettes An increase of LBP 250 on each pack of tobacco molasses An increase of LBP 500 on each cigar |
|
Non-Lebanese passengers entering Lebanon by road |
- |
5,000 LBP |
|
Passengers travelling by air beyond 1250 km-economy class
|
LBP 50,000 |
LBP 60,000 |
|
Air traveler-business class |
LBP 70,000 |
LBP 110,000 |
|
Air traveler- first class |
LBP 100,000 |
LBP 150,000 |
|
Passengers travelling on private flights |
- |
LBP 400,000 |
|
Documents ratified by a notary public and comprising actual offers and a sum of money of LBP 20,000 and above |
LBP 10,000-0,001% |
LBP 20,000- 0,002% |
|
Will even if it includes a sum of money |
LBP 20,000 |
LBP 40,000 |
|
Back-to-back contracts (including employment contracts, real estate contracts, and contracts that should be registered with official authorities), no matter what their value and number of signatories may be |
LBP 50,000 |
LBP 100,000 |
|
General power of attorney that does not include a sum of money |
15,000LBP |
30,000 LBP |
|
Special power of attorney that does not include a sum of money |
10,000 LBP |
20,000 LBP |
|
Clearance document and arbitration instrument |
10,000 LBP |
20,000 LBP |
|
Documents, undertakings, guarantee deeds, and other obligations that do not include a sum of money |
10,000 LBP |
20,000LBP |
|
Protest transaction |
10,000LBP |
20,000 LBP |
|
Validation of documents |
5,000 LBP |
20,000LBP |
|
Translated documents ratified by a notary public, but not comprising a sum of money |
10,000LBP |
20,000LBP |
|
Notification, notice, warning, pay-off, concession and clearance letters, and any other document |
5,000 LBP |
10,000LBP |
|
A true copy of documents, instruments, and papers |
2,000 LBP |
4,000 LBP |
|
A 20-foot imported container |
- |
LBP 80,000 |
|
A 40-foot imported container |
- |
LBP 120,000 |
|
Tax on bank interest |
5% |
7% |
|
Tax on lottery prizes of over LBP 10,000 |
10% |
20% |
|
Tax on corporate profits |
15% |
17% |
|
Tax on sale contract |
- |
2% |
|
Tax on profit optimization |
- |
15% |
Source: Law No. 45 of August 21, 2017
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