Liliane Mokbel 2024-01-05 12:47 - Reading : 4 minute(s)
Lebanon’s Central Bank (BDL) announced in a statement on Thursday the suspension of "seigniorage," or procedure of assessing the profit or loss made on producing a currency, and the commencement of collaborative efforts with the International Monetary Fund (IMF) to review its Safeguards Assessment methodology. When approached by This is Beirut ...
This Is Beirut 2024-01-04 16:56 - Reading : 1 minute(s)
The Syndicate of Telecom Employees, representing mobile phone operators in Lebanon Alfa and Touch, has once again spoken out, announcing that next week will be “crucial” if the Ministry of Telecommunications does not meet its demands and sign a collective agreement guaranteeing better work conditions. The syndicate assured that it “will not ...
This Is Beirut 2024-01-04 16:36 - Reading : less than a minute
The Ministry of Finance announced on Thursday that taxpayers liable for certain taxes can now make electronic payments through the electronic tax system at http://eservices.finance.gov.lb. It is now possible to electronically file tax returns (R5), individual annual statements (R6) and total annual statements for companies (R7) for the year ...
Nicolas Sbeih 2024-01-04 09:00 - Reading : 5 minute(s)
To attempt to guess the possible prospects for the year 2024, one must proceed with excessive modesty. Already, the data available from last year is scarce. Even international organizations, which invest millions of dollars annually in surveys and studies, seem engulfed in hazy conjectures. They hesitate to predict anything for the following ...
2024-01-03 22:47 - Reading : 3 minute(s)
The parliamentary Finance and Budget Committee, chaired by MP Ibrahim Kanaan, met twice on Wednesday. It examined and approved the budgets of the Ministries of Education, Displaced Persons, Administrative Development, Finance, Telecommunications and Industry, as well as those of the National Anti-Corruption, Human Rights, Inspection and Relief ...
This Is Beirut 2024-01-03 18:02 - Reading : 3 minute(s)
The Lebanese will enjoy more hours of electricity supply starting Wednesday evening, following the arrival to Lebanon of a diesel-loaded ship to operate power plants. In addition, caretaker Energy Minister Walid Fayad has received the draft of a new fuel agreement with Iraq. Power supply hours will gradually improve, reaching four hours a day ...
Liliane Mokbel 2024-01-03 17:10 - Reading : 4 minute(s)
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 ...
This Is Beirut 2024-01-03 17:04 - Reading : less than a minute
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 ...
This Is Beirut 2024-01-02 23:10 - Reading : 3 minute(s)
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 ...
This Is Beirut 2024-01-02 21:39 - Reading : less than a minute
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 ...
2023-12-31 17:26 - Reading : 7 minute(s)
The year 2023 has been marked by numerous uncertainties and cautious optimism in Lebanon. The economic retrospective of the past year is largely shaped by the impacts of a series of economic and political upheavals. However, amidst the challenges, there have been positive developments. Let's reflect on some significant events. The Dollar Reaches ...
Liliane Mokbel 2023-12-30 16:08 - Reading : 4 minute(s)
The retirement pension plan, set to replace the end-of-service benefits, was approved by Parliament on December 15. Nevertheless, its implementation hinges on the signing and promulgation of approximately fifteen implementation decrees. Mohamad Karaki, the General Director of the National Social Security Fund (CNSS), has indicated that ...