On 21 August 2017, Lebanese President Michel Aoun reportedly signed into law a series of tax measures approved by parliament in July. Two of the main measures include an increase in the corporate tax rate from 15% to 17% and an increase in the value added tax rate to from 10% to 11%. Other measures include a new 2% tax on the transfer of immovable property that will serve as advance payment for the registration tax if registered within one year, as well as well an increase in the stamp duty r…