The president of the Union of Food Importers, Hani Bohsali, conducted a study on the impact of the increase in the customs dollar on the prices of all types of imported products according to the percentage of customs duty to which they are subject and whether or not they are subject to value added tax (VAT).

The study includes the percentage price markup for products that pay: 0%, 5%, 10%, 15%, 25% and 35% customs duty.

It also distinguishes between non-taxable and taxable items, with the latter being subject to a 3% specific fee (even if they are customs exempt) according to the 2022 budget, and subject to an 11% value-added tax on the sum of the two fees (customs duty and specific fee).

The study took an item worth $100 as a reference and shows the evolution of its price when the customs dollar rate rose from LBP1500 to LBP15,000, then to LBP45,000, LBP60,000, LBP86,500 as fixed since May 12th, and even to LBP100,000 considering the parallel market rate.