Economy

One Single IT Officer at the Lebanese Custom Administration
One Single IT Officer at the Lebanese Custom Administration

A technical assistance report from the International Monetary Fund (IMF) highlighted the “dire conditions” of the Information Systems (IS) departments within the Lebanese tax and customs administrations. As per the IMF report, there is a real and pressing concern about the imminent collapse of Lebanon's tax and customs administrations. The ...

Finance Minister Extends Tax Payment Deadlines
Finance Minister Extends Tax Payment Deadlines

Caretaker Finance Minister Youssef Khalil announced on Tuesday evening the extension of payment deadlines for certain taxes. This initiative is designed to give taxpayers more time to pay their dues and avoid having them sustain penalties for late payment. The deadline to submit the annual income tax return and the Beneficial Owner Statement ...

Budgets of Five Ministries Discussed in Committees
Budgets of Five Ministries Discussed in Committees

The parliamentary Finance and Budget Committee, led by MP Ibrahim Kanaan, kicked off the year by holding two meetings on Tuesday. The committee reviewed and approved the budgets of the Ministries of Health, Labor, Tourism, Economy and Foreign Affairs as part of the assessment of the budget proposal for the year 2024. This proposal was endorsed by ...

Bayram: Minimum Wage Increase
Bayram: Minimum Wage Increase

Caretaker Minister of Labor Moustafa Bayram announced the standardization of travel allowances across the public and private sectors, along with an increase in the minimum wage for the private sector. In an interview with "Voice of All Lebanon," he disclosed that the index commission will convene next Thursday. "We will announce the ...