Lebanon's Ministry of Finance recently issued two notices to clarify certain aspects of the tax rate changes introduced by Law 64 of 20 October 2017, which was published in the Official Gazette on 26 October ({News-2017-10-30/A/3-previous coverage}). The first notice concerns the tax on gains from property transfers, the repeal of the reduced 5% dividends withholding tax rate, and the increase of the tax on income from immovable property: With respect to property transfers, a 15% tax is introduced as of 27 October 2017 on gains for both individuals and legal entities that are not subject to income tax or...