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The 3 Percent Tax Weakens Corporate Liquidity and Raises Inflation.
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Patricia Jallad wrote in Nidaa Al Watan: Advance tax is not a new concept in Lebanon, but collecting 3% of the import value as a deposit on behalf of income tax is an unprecedented step. The Ministry of Finance currently relies on the progressive advance tax mechanism on built property. What are the pros and cons of the 3% tax, and what is the final amendment introduced to Article 31 when the budget was approved by the Council of Ministers? The …
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