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FINANCIAL NEWS
Lebanon’s VAT tourist refunds increase 7 percent in H1
07 Jul 2015
(MENAFN) Lebanon’s VAT recompenses to tourists increased by 7 percent in the first half of the year, an indication of a possible rebound for the country’s tourism sector, data showed, The Daily Star reported.
An analysis of the sector shows that Saudi Arabian residents represented the highest share of spending with 16 percent; residents from the United Arab Emirates spent 14 percent, while Kuwaitis contributed with 6 percent.
“The breakdown of spending evolution by country of residence shows that most countries reported increases in the level of spending reported by their residents,” the report said.
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