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Cutting Income Tax on Industrial Exports Encourages Investments

It seems that some of industrialists' demands are now met.A draft law that cuts income tax on industrial exports by half was approved by the  Lebanese Cabinet on March, 2012 and still needs the Parliament’s ratification. The Industry Ministry announced that the tax reduction will help industries increase export-oriented production, encourage investments in the industrial sector, and create new job opportunities

 

 

On the other hand, Industry Minister said Monday that the Lebanese economy enters a phase of recession. Industrialists are not able to stand the additional charges amid the current critical economic situation on the domestic regional and international levels, he said. The Minister statement came during a meeting with Lebanese industrialists over a decision by the National Social Security Fund (NSSF) to increase subscription fees.

 

Beirut

 24 million jobs set to open up in the green economy by 2030- ILO 

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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