Taxes on Income, Profits and Capital Gains (Local Currency) rose 39.342832874475% to LMB 4,201 bil in Lebanon in 2017

Taxes on Income, Profits and Capital Gains (Local Currency) (LMB bil)
Economy | Lebanon | May 17, 2019
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Taxes on income, profits and capital gains reached 4,201 LMB bil in 2017 in Lebanon, according to the National Statistical Office. This is 39.3 % more than in the previous year.

Historically, taxes on income, profits and capital gains in Lebanon reached an all time high of 4,201 LMB bil in 2017 and an all time low of 340 LMB bil in 1997. When compared to Lebanon's main peers, taxes on income, profits and capital gains in Cyprus amounted to 1.75 EUR bil and 152 ILS bil in Israel in 2017.

Lebanon has been ranked 9th within the group of 103 countries we follow in terms of taxes on income, profits and capital gains, 1 places above the position seen 10 years ago.

Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realised or not, on land, securities, and other assets.

Taxes on Income, Profits and Capital Gains (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Cyprus EUR bil 1.92 1.84 1.71 1.64 1.59
Egypt EGP bil 89.6 91.2 118 121 130 ... ...
Greece EUR bil 15.0 16.2 14.0 15.2 14.9
Iraq IRR bil ... ... ... ... ... 1,322 1,410 ...
Israel ILS bil 89.2 92.5 104 108 118
Jordan JOD bil 0.668 0.688 0.682 0.766 0.859 ... ...
Lebanon LMB bil 2,423 2,516 2,502 2,795 2,887
Saudi Arabia SAR bil ... ... ... ... ... ... ... ... ...
Syria SYP bil ... ... ... ... ... ... ... ...
Turkey TRY bil 76.2 86.6 92.8 111 121