Lebanon’s customs tax tripled as economic meltdown continues – The National

Lebanon’s customs tax tripled as economic meltdown continues – The National

Lebanon has tripled the rate at which it will calculate customs taxes, fees and duties for all imported goods just months after the caretaker government already raised the rate for the first time in decades.

Customs taxes will be calculated at 45,000 Lebanese pounds to the dollar, up from 15,000 pounds to the dollar.

In a cabinet resolution earlier this week, seen by The National, the government justified the effective tripling as “securing additional revenues that contribute to the revival of work in the public sector”.