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Lebanon Yields to Private Sector and Suspends Fixed Tax

2018/09/16 | 11:00

(Iraq Now News)- The Lebanese authorities Friday have suspended the implementation of the lump sum (fixed) tax in response to the appeals of the private sector.

According to several TV stations, President Michel Aoun, caretaker Prime Minister Saad Hariri and caretaker Finance Minister Ali Hasan Khalil decided to freeze the implementation of the lump sum tax.

The private sector has urged the government to suspend or even cancel the lump sum tax because most businesses are not generating enough revenues to make ends meet.

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