05 Jun 2012
(MENAFN) Lebanese Central Bank Governor, Riad Salameh, said that recent tax hikes will be partnered with reform, reported the Daily Star.
The current 2012 budget is a draft proposed by the Ministry of Finance and it entails a 2 percent increase on VAT and interest-revenue tax, along with a 15 percent new tax on real estate profits.
Salameh noted that raising taxes was acceptable as long as it came with structural reforms, and development projects that bolstered the economy and pushed out inflation.
Warnings from the private sector about regional stability, and the economic stability of Lebanon have been swept away by Salameh who claims that economic growth will continue in an upward direction because of the high amounts of liquid foreign-currency available to local banks.
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more