Value Added Tax

Value added tax was introduced in Lebanon in February 2002. The tax represents a straight 10% charge on the value of goods and services provided by "registered persons".

Internal audit provided a workshops entitled "Introduction to Value Added Tax" to approximately 150 staff who process transactions involving VAT. Due to subsequent amendments to the law governing VAT, the materials presented at the workshop may no longer be current. However, a copy of the presentation outlining the VAT mechanism, or a workshop on VAT may be requested from the internal audit office.