{"id":687107,"date":"2023-09-07T11:36:50","date_gmt":"2023-09-07T11:36:50","guid":{"rendered":"https:\/\/www.beirut.com\/?p=687107"},"modified":"2025-10-17T10:44:44","modified_gmt":"2025-10-17T10:44:44","slug":"the-insane-proposed-taxes-in-lebanons-2024-budget","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/687107\/the-insane-proposed-taxes-in-lebanons-2024-budget\/","title":{"rendered":"The Insane Proposed Taxes In Lebanon&#8217;s 2024 Budget"},"content":{"rendered":" <p>Remember how hard your dad cursed when the Ministry of Finance introduced the Value Added Tax (VAT) at 10% in 2002? Well, buckle in because 2024 is going to be a doozy.\u00a0While death and taxes are inevitable around the world, Lebanon takes the cake. Clearly, after squandering billions and billions, the Lebanese state is trying to make back some of that money.\u00a0<\/p>    <p><\/p>    <p><\/p>    <p>Here are SOME of the noteworthy proposed taxes in the 2024 budget, shared by <a href=\"https:\/\/www.almodon.com\/economy\/2023\/9\/6\/%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2024-%D8%A7%D9%84%D8%B1%D8%B3%D9%88%D9%85-%D9%88%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A3%D8%AD%D9%8A%D8%A7%D8%A1-%D9%88%D8%A7%D9%84%D8%A3%D9%85%D9%88%D8%A7%D8%AA\" target=\"_blank\" rel=\"noreferrer noopener\">Al Modon<\/a>. <\/p>    <p><\/p>    <p><\/p>    <p>First we start with the most shocking of the pile, did you die abroad? <strong>Caskets being flown in<\/strong> are to be treated like imports and be taxed accordingly.\u00a0You thought you could escape the Lebanese government by simply dropping dead? Think again. <\/p>    <p><\/p>    <p><\/p>    <figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090710095764f9acb52bdde.png\" alt=\"casket clown\" class=\"wp-image-687130\" width=\"560\" height=\"560\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090710095764f9acb52bdde.png 1024w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090710095764f9acb52bdde-600x600.png 600w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090710095764f9acb52bdde-250x250.png 250w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090710095764f9acb52bdde-768x768.png 768w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/figure>    <p><\/p>    <p><\/p>    <p><\/p>    <p>Then we get to <strong><a href=\"https:\/\/www.beirut.com\/en\/65192\/vat-to-be-calculated-at-sayrafa-rate\" target=\"_blank\" rel=\"noreferrer noopener\">VAT<\/a><\/strong> &#8211; applicable on nearly all transactions and imposed on almost all goods and services, this amount is to be increased from the existing 11% to 12%.\u00a0<\/p>    <p><\/p>    <p><\/p>    <figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/65192.png\" alt=\"\" width=\"559\" height=\"331\"\/><\/figure>    <p><\/p>    <p><\/p>    <p>Some of the taxable events see a <strong>40-fold increase<\/strong>, including things like taxes on patents, literary and intellectual properties, artistic, commercial, industrial, and other events too.\u00a0In layman\u2019s terms, you want to register a patent? It\u2019ll cost you 40 times the current amount.\u00a0<br><\/p>    <figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090711091864f9b44a31a8c.png\" alt=\"hand picking dollar from brain\" class=\"wp-image-687161\" width=\"609\" height=\"609\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090711091864f9b44a31a8c.png 1024w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090711091864f9b44a31a8c-600x600.png 600w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090711091864f9b44a31a8c-250x250.png 250w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090711091864f9b44a31a8c-768x768.png 768w\" sizes=\"auto, (max-width: 609px) 100vw, 609px\" \/><\/figure>    <p><\/p>    <p><\/p>    <p><\/p>    <p><strong>Judicial fees<\/strong> related to creating commercial registries (registering companies etc.) see an increase by<strong> 1000x.<\/strong> <\/p>    <p><\/p>    <p><\/p>    <p>There\u2019s also a wonky way to figure out your <strong>income tax<\/strong> if you get paid in USD, to be calculated by converting the salary to Lira at a rate of 40% of the platform&#8217;s exchange rate, and then the calculated tax will be converted back to dollars based on the same platform exchange rate.<\/p>    <p><\/p>    <p>Did you understand anything? We didn\u2019t, but it sounds expensive.\u00a0<\/p> ","protected":false},"excerpt":{"rendered":"<p>Remember how hard your dad cursed when the Ministry of Finance introduced the Value Added Tax (VAT) at 10% in 2002? Well, buckle in because 2024 is going to be a doozy.\u00a0While death and taxes are inevitable around the world, Lebanon takes the cake. Clearly, after squandering billions and billions, the Lebanese state is trying [&hellip;]<\/p>\n","protected":false},"author":102,"featured_media":687143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_preview_accessed":0,"footnotes":""},"tags":[1093],"media-embed-type":[],"class_list":["post-687107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-news"],"authorship":[102],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Insane Proposed Taxes In Lebanon&#039;s 2024 Budget &#187; Beirut.com<\/title>\n<meta name=\"description\" content=\"Buckle in because 2024 is going to be a doozy.\u00a0Death and taxes are inevitable around the world, but Lebanon takes the cake.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beirut.com\/en\/687107\/the-insane-proposed-taxes-in-lebanons-2024-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Insane Proposed Taxes In Lebanon&#039;s 2024 Budget\" \/>\n<meta property=\"og:description\" content=\"Buckle in because 2024 is going to be a doozy.\u00a0Death and taxes are inevitable around the world, but Lebanon takes the cake.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beirut.com\/en\/687107\/the-insane-proposed-taxes-in-lebanons-2024-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"Beirut.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/beirutcityguide\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-07T11:36:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-17T10:44:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/09\/2023090711095464f9b0aecd625.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lama Hajj\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@beirutcityguide\" \/>\n<meta name=\"twitter:site\" content=\"@beirutcityguide\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lama Hajj\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/687107\\\/the-insane-proposed-taxes-in-lebanons-2024-budget\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/687107\\\/the-insane-proposed-taxes-in-lebanons-2024-budget\\\/\"},\"author\":{\"name\":\"Lama Hajj\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#\\\/schema\\\/person\\\/97c22b1acf96bb062cb725fb93718ec7\"},\"headline\":\"The Insane Proposed Taxes In Lebanon&#8217;s 2024 Budget\",\"datePublished\":\"2023-09-07T11:36:50+00:00\",\"dateModified\":\"2025-10-17T10:44:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/687107\\\/the-insane-proposed-taxes-in-lebanons-2024-budget\\\/\"},\"wordCount\":280,\"publisher\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/687107\\\/the-insane-proposed-taxes-in-lebanons-2024-budget\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.beirut.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/2023090711095464f9b0aecd625.png\",\"keywords\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/687107\\\/the-insane-proposed-taxes-in-lebanons-2024-budget\\\/\",\"url\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/687107\\\/the-insane-proposed-taxes-in-lebanons-2024-budget\\\/\",\"name\":\"The Insane Proposed Taxes In Lebanon's 2024 Budget &#187; 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