Information about Lebanon Minimum wage and taxes.

The minimum wage in Lebanon is set at 675,000 Lebanese pounds as of 2021. However, this amount has lost significant value due to the economic crisis in the country. Therefore, the real value of the minimum wage is quite low. The tax system in Lebanon is quite complex and there are many different types of taxes. Taxes such as income tax, corporate tax, value added tax (VAT) and property tax are imposed in Lebanon. Income tax is a tax on income earned in Lebanon. It is applied at different rates depending on the amount and source of income. The highest income tax rate is 25%. Corporate tax is a tax collected on the profits of companies. The corporate tax rate is generally applied as 17.5%. Value added tax (VAT) is a tax on consumption. The standard VAT rate is 11%. However, lower rates or exemptions may apply for some products. Property tax is a tax collected on real estate. Property tax rates vary depending on the value and location of the property. The tax system and tax rates in Lebanon may change from time to time. Therefore, it is recommended that you consult official tax authorities or tax advisors for the most up-to-date information on current tax rates and tax policies.