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The entrance of the Association of Banks in Lebanon (ABL) in Beirut. (Credit: NNA)
Add as preferred on Google The tax dispute between Lebanon’s banks and the Finance Ministry could end up in court. Speaking on LBCI on Monday, Akram Azoury, a lawyer representing the Association of Banks in Lebanon (ABL), said banks would not pay taxes they consider unjustified and that ABL would take the matter to the State Shura Council if tax authorities maintained their position.The dispute, previously reported by L’Orient-Le Jour on July 16 and Aug. 28, 2025, resurfaced on Sept. 10, 2026, when the Finance Ministry asked banks to revise their tax returns for the 2020 to 2024 fiscal years. The request covers provisions for Eurobonds, reversals of those provisions, valuation losses, bond sales, and exchange rate differences.In a letter made public on Nov. 6, the ABL called for the request to be withdrawn.The association estimates that the revisions could... You have reached your article limit.Stay informed as events unfold across a region in flux.Subscribe for $0.5/month for the first 3 months. Subscribe now Log in This article is only available to L’Orient Today subscribers. Subscribe now Log in Create a free account to continue reading this article. You’ll also receive The Morning Brief, our must-read daily digest of Middle East news. Opt out anytime Email Address Password Email Address Password I would like to receive special offers from L'Orient Today as well as selections of the best articles. Register By creating an account, you agree to the terms and conditions of use and our privacy policy. Register Or register with: Facebook
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