With effect from 1 April 2024, Lebanon has reportedly increased the non-resident withholding tax on the sale of goods and services in Lebanon. For the sale of goods, the non-resident withholding tax rate has been increased from 2.25% to 3.4%, and for the sale of services, the non-resident withholding tax rate has been increased from 7.5% to 8.5%. The increases were introduced as part of Lebanon's Budget Law for 2024, which further provides the non-resident withholding tax should be settled in the same currency as the payment made to the non-resident providing the goods or services. Lebanon's Budget Law for...