On 4 June 2015, the Lebanon Minister of Finance issued decision No. 519/1 (2015), which provides implementing rules for the 50% tax exemption on profits from exported industrial products introduced in 2014. The decision clarifies that the exemption only applies for industrial products where the final (or entire) substantial manufacturing or conversion process takes place in Lebanon. In addition, exporters must provide origin certificates as proof. Other exports not qualifying for the 50% tax exemption include imported industrial products repackaged for export, exports of services, and exports of extracted hydrocarbon resources and natural resources. The decision applies from the date...