May 6, 2019 / 10:14 AM / 20 days ago

Lebanese finance minister says govt insists on raising tax on interest

BEIRUT, May 6 (Reuters) - The Lebanese government insists on raising the tax rate on interest payments to 10 percent from 7 percent, which is a fundamental part of the draft state budget for 2019, the finance minister said on Monday.

“As for the increase in the tax on interest from 7 percent to 10 percent, we insist on it. It is a fundamental part of the organisation of the budget and its balance,” Ali Hassan Khalil told journalists, according to a finance ministry statement. (Reporting By Angus McDowall; Editing by Toby Chopra)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below