The Lebanese Finance Minister Mr. Yassine Jaber issued recently a directive to the Central Bank, whereby it requested banks to collect taxes and fees according to Law No. 44 of November 11, 2008, according to the same mechanism applied by money transfer companies. This directive emphasizes  on the importance of complying with established procedures for tax collection outside the Ministry of Finance's funds, and will aid in streamlining the taxation process in Lebanon.

In this vein, the Central Bank governor Mr. Karim Souaid issued a letter to the head of the Association of Banks in Lebanon Mr. Salim Sfeir asking him to inform banks to collect taxes and fees in compliance with the decree number 12641 dated December 5, 2023.