Aoun to Sign Wage Scale and Tax Hike Laws

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President Michel Aoun will sign the wage scale law and the tax hikes laws set to fund the scale after rectifying some “gaps,” the National News Agency reported on Friday.

The President will sign the laws not before long after a decision was taken to rectify some flaws, NNA added.

The salary scale and the accompanying tax hikes, approved to fund the scale, were discussed during an economic dialogue meeting that Aoun had invited to at the Baabda Palace on Monday.

After the meeting it was acknowledged that the tax hike laws included some “flaws” which need to be rectified.

The new taxes involve hiking the VAT tax from 10% to 11%, fines on seaside violations, and taxes on cement, administrative transactions, sea imports, lottery prizes, financial firms and banks.

Authorities have argued that the new taxes are necessary to fund the new wage scale but opponents of such a move have called for finding new revenues through putting an end to corruption and the waste of public money.

Comments 3
Thumb andre.jabbour 18 August 2017, 13:39

Lebanon's economy will be drained in 2018. Expect lots of bankruptcies and even higher unemployment rates.

Thumb justin 18 August 2017, 13:55

Eliminate corruption for one year and you will be able to fund the wage scale for 10 years.

Thumb ___flamethrower___ 18 August 2017, 13:56

There will never be a president like him, ever!