NEWSLETTER
10 - 16 February, 2018
New flat fee imposed on
businesses and the self-employed
Not deductible from taxable profit
The Ministry of Finance (MoF) will levy an annual flat fee on all types of business activities, including companies and the self-employed.

The fee is imposed on the headquarters and the branches of both stock corporations and partnerships. The MoF’s decision defines the ‘branch’ as a location where the taxpayer carries out their activities or receives their clients.

The fee is not deductible from profit subjected to income tax.

According to the MoF decision, the fee will stop being imposable one year after a company has co
...more
BUSINESS
BIEL moves to Tahwita
Old BIEL becomes Arena Waterfront
Three local companies win fiber optic network tender
OGERO announced vendors and anticipates $1 billion in direct revenues
ECONOMY
Consortium will start exploring disputed Block 9
Tillerson in Beirut. Talks to include maritime demarcation line disputes with Israel
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