10 Hrs
Source:
التيار الوطني الحر
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4 per thousand fee on imports faces scrutiny
Article 56 of the 2027 draft budget imposes a fee of 0.4% (4 per thousand) on the value of goods listed in commercial invoices when they are authenticated at Lebanese embassies outside Lebanon. The goal is to collect approximately $80 million annually in consular fees. The decision aims to combat customs evasion, but it has faced objections from importers and traders due to delays in the authentication process and additional costs. These issues could lead to higher prices for goods and congestion in shipments caused by logistical problems and technical complexities. This mechanism, which was included in 2019 but not implemented, adds a burden to the supply chain, especially given the presence of multinational companies that require thorough verification of invoices from multiple sources.
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