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A man holds dollars and Lebanese liras in Beirut on March 14, 2023. (Credit: Anwar Amro/AFP)
Add as preferred on Google Who made money from Sayrafa, and how much tax should they pay? With the budget year entering its final two months, Lebanon’s Finance Ministry still does not have all the information it needs to tax the profits made through Banque du Liban’s (BDL) former exchange platform. The problem lies in the banks’ refusal to provide the requested data, amid a disagreement over the scope of the lifting of banking secrecy. More from Mounir Banking resolution: Who will take charge after the ruling? The issue also has budgetary implications. The government is struggling to find the resources to finance its day-to-day spending, particularly salary increases, in a country that has been mired in a severe crisis since 2019, not to mention the consequences of two wars with Israel. According to a source at the Ministry, the lack of banking data... You have reached your article limitStay informed about a Middle East in crisis.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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