(MENAFN) Lebanon's government is planning to introduce a 2 percent flat tax targeted several imports with an aim to shield local output, declared Lebanese Economy Minister Mansour Bteish.
Economy Minister Bteish confirmed: "we are imposing a 2-percent flat tax on imports except for pharmaceutical drugs, electric cars and equipment that are used for industrial purposes."
The Lebanese cabinet achieved the decision in a session organized to address the state budget of the year.
Industries of Lebanon will be safeguarded through this decision, along with opening new job opportunities for young people.
Bteish added: "this measure will go in parallel with our fight against smuggling and tax evasion."
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