2027 Budget Raises Holding and Offshore Costs
The article discusses Lebanon's 2027 budget proposal and its inclusion of increased taxes on holding companies and offshore entities. Specifically, the annual lump sum tax will be raised from 50 million Lira to 200 million Lira, representing an increase of 300%. This increase is part of the state's efforts to boost revenue amid currency deterioration and economic collapse. The raise raises questions about its justification and scientific basis, especially since it comes after the devaluation of fees and taxes aimed at restoring treasury resources, all within the context of a business environment and overall tax levels affected by the financial crisis. Additionally, it highlights that these measures are part of a broader plan to increase revenues but also raises questions about how these increased taxes will be spent and whether effective economic reforms will be implemented—particularly given the accumulating costs of doing business and the impact this has on the investment environment and economic growth.
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