6 December 2011 The Ministry of Finance published recently the draft Budget for 2012. Once approved, the measures will apply as of 1 January 2012. The most important tax measures are summarized below. Withholding taxes -   The application of the reduced 5% dividend withholding tax rate will be restricted to distributions made by resident companies listed on Beirut Stock Exchange. Accordingly, the 10% standard withholding tax rate will apply instead of the 5% reduced rate in the following situations: -   when 20% of the share capital of the distributing company is held by a company resident in an...