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"The importance of the recent circular issued by the Bank of Lebanon to regulate tax evasion is important," said Shadi Mbadaad, the chairman of the Lebanese-Omani Business Council, in a statement. .
He said: "The President of the Republic, General Michel Aoun, has promised to take measures to reduce the volume of tax evasion in the country, which would lead to deprive the treasure of significant income, right of the Lebanese and can not start reforming, without remedying this gap.The central bank in this context. "
"This circular will force all major Lebanese companies to abandon their deleveraging policies and submit transparent accounts to the IRS, thus paying their taxes on their profits according to real numbers and not according to fake figures that companies were submitting to the Ministry of Finance to evade the tax on their profits. "He said.
He added: "This step will be followed by other steps in the closing of smuggling terminals, which is also promised by the President of the Republic.We will soon see actions in this direction."
He concluded: "These measures, in the fight against tax evasion and the prevention of smuggling, will inflate the treasure amounts that are difficult to estimate accurately, but some believe that it could exceed two billion dollars a year.This money needed public funds to correct their situation, "he said.
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