CURRENCY & VAT
money and taxes in Lebanon
The local currency is the Lebanese Pound, or as locally referred to,
the "lira". The terms livre (French), pound (English), and lira (Arabic)
are used interchangeably, and the currency's abbreviation is LL (Livre
Libanaise) or LBP (Lebanese Pound).
In Lebanon you can also pay in US dollars. Money or
travelers checks can be exchanged at banks, exchange shops, and major
hotels. Credit cards
(Visa, Mastercard, American Express, and Diners Club) are accepted at
most large establishments throughout the country.
ATMs are also widely
available in Beirut and larger cities, and will usually dispense both
U.S. dollars and Lebanese
* click LL value for picture of the bill
VAT (VALUE ADDED TAX)
Introduced in February 2002, the VAT is a 10% tax paid by the consumer
on most goods and services. Tourists departing from Lebanon are entitled
to a VAT refund on goods purchased during their stay.
or Lebanese person residing abroad, and whose stay in Lebanon does
not exceed three continuous months, is entitled to ask for
a VAT refund. A VAT refund is NOT applicable to services (hotels, telecommunications,
car rentals, guided tours, etc), foods and beverages (restaurants,
cafes, supermarkets), fuel, or tobacco.
The goods must be transported
in the tourist’s
personal luggage and must have been bought from a VAT registered retailer.
The total value
for each invoice from each store must exceed 150,000 LL per day.