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BEIRUT, Aug. 21 (Xinhua) -- Lebanon has endorsed the public sector wage increases and related tax hikes, the national news agency NNA reported on Monday.
Lebanese President Michel Aoun signed off on public sector wage increases and related tax hikes on Monday, NNA said.
The public sector pay scale law has been under discussion for years. The government had estimated that it would cost around 800 million U.S. dollars, or 1.2 billion dollars if it included certain pension increases.
The tax law raises value-added tax (VAT) by one percentage point to 11 percent and hikes corporation tax to 17 percent from 15 percent.
Several protests have broken out this year over the proposed tax hikes, which are intended to fund public sector pay rises.
