11 Hrs
Source:
التيار الوطني الحر
Source: التيار الوطني الحر
11 Hrsالتيار الوطني الحر
Source: التيار الوطني الحر
11 HrsReady to play
Ready to play
The Lebanese Ministry of Finance said the dispute over the $600 million does not concern imposing a tax on “unrealized profits,” but rather its objection to banks deducting unrealized losses from the tax base without adding subsequent book gains. It cited Eurobonds, which fell from $1 to $0.06, leading banks to record a loss of $0.94 per bond. Their value later rose to around $0.25, but the increase of $0.19 was not reflected in their tax results. The ministry said it had asked the Association of Banks to amend its tax declarations in line with the views of the Revenue Directorate and the Legislation and Consultations Authority, affirming its commitment to the law and to protecting the rights of the public treasury.
Notice: This Is an AI-Generated Summary
Comments (0)