2027 Budget Impact on Gasoline and Restaurants
The 2027 budget proposal in Lebanon aims to boost treasury revenues by introducing a financial stamp tax on food and fuel receipts, which were previously exempt. The adjustments stipulate that the electronic declaration and payment of the tax, set at 20,000 Lebanese pounds per receipt, could generate hundreds of billions of pounds in revenue each month when applied to a large number of invoices. This tax places an additional burden on businesses and consumers, as they bear the cost through increased prices. The revenue expected from this tax is estimated to reach millions of pounds daily, highlighting its significant role in increasing the state's resources.
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