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الكتائب اللبنانية
Source: الكتائب اللبنانية
17 Hrsالكتائب اللبنانية
Source: الكتائب اللبنانية
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Lebanese banks are moving toward rejecting the Finance Ministry’s decision requiring them to amend their tax returns for 2020–2024. They say the measures could saddle them with more than $600 million in taxes on actual losses rather than realized profits. The dispute centers in particular on the tax treatment of provisions for Eurobonds and losses arising from their revaluation. The banks argue that the deadline for filing amended returns is impossible to meet and are calling for negotiations. The ministry says the opinion of the Legislation and Consultations Authority supports its position, and that it has asked the banks to correct their returns in accordance with the law.
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