Lebanese PM rules out sales tax increase
- Lebanon: Tuesday, February 12 - 2013 at 03:07
Lebanese prime minister Najib Mikati has ruled out an increase in the country's Value Added Tax (VAT), ahead of possible cabinet-level talks aimed at raising revenues, The Daily Star has reported. A proposal by finance minister Mohammad Safadi to reform the country's 12-year-old tax law and increase it from 10% to 12% was turned down by the cabinet in January. "There will be no increase to the VAT, the issue has already been rejected by the cabinet," said Mikati.
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