The Lebanon government is reportedly planning to increase the standard VAT rate from 11% to 15% as part of a package of tax measures agreed to with the IMF. The increase is to be implemented gradually over a period of two years. Other measures include the introduction of new taxes on the import of certain cars, certain forms of built property, and alcoholic and sugary drinks. The package of measures is subject to formal approval by the Council of Ministers and the Chamber of Deputies (parliament). Additional details will be published once available.