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Draft Budget 2012 published

|Proposed Changes|Lebanon
Lebanon

6 December 2011

The Ministry of Finance published recently the draft Budget for 2012. Once approved, the measures will apply as of 1 January 2012. The most important tax measures are summarized below.

Withholding taxes

-   The application of the reduced 5% dividend withholding tax rate will be restricted to distributions made by resident companies listed on Beirut Stock Exchange. Accordingly, the 10% s…


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