2025 Budget

Lebanon: Proposed Heavy Surtax on Alcohol Sparks Outrage

The massive surtax on alcoholic beverages proposed in the 2025 budget has sparked outrage among hotel and restaurant owners, who fear it will negatively impact consumption and, consequently, their businesses and the overall tourism sector. The tax rates have been multiplied by 225 and up to 750 times, which is utterly staggering. This tax hike is ...

Invalid 2025 Draft Budget to Be Returned to Cabinet Urgently

On October 4, 2024, Caretaker Prime Minister Najib Mikati's government issued Decree No. 14076, submitting the 2025 draft budget to Parliament. Signed by Mikati and Finance Minister Youssef Khalil, it has since been left untouched, pending review by key committees, notably the Finance and Budget Committee and the Administration and Justice ...