Lebanon Revises Transportation, Schooling, Cost of Living Allowance and Minimum Wage
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In official Gazette No. 17, dated 26 April 2023, the government of Lebanon has amended the limits for the following allowances:
- Daily transportation[1] allowance has been amended from LBP 95,000 to LBP 250,000
- Cost of Living[2] expenses have been amended to LBP 4,500,000. It is to be noted that the government is in discussion to raise this limit to LBP 6,400,000 in the coming months
- Annual Exemptions[3] for public and private educational institutions/schools have been updated as per the below:
| School Attended | Annual Exemption Amount per child (LBP) |
|---|---|
| Public Schools/ Handicapped Institutions | 3,000,0005 |
| Private Schools & Universities | 6,000,0006 |
| Public Universities | 3,000,0007 |
*It is to be noted that there is no change in the eligibility and limitations imposed on the above schooling exemptions.
In addition, the government has increased the minimum wage7 to LBP 9,000,000 from LBP 2,600,000. The daily minimum wage is now LBP 410,000.
The effective date of the above amendments is April 26, 2023.
Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change
[1] Decree number 11224
[2] Decree number 11226
[3] Decree 11228
[4] LBP 3,000,000 p.a per child subject to maximum limit of LBP 9,000,000
[5] LBP 6,000,000 p.a. per child subject to maximum limit of LBP 18,000,000
[6] LBP 3,000,000 p.a per child subject to maximum limit of LBP 9,000,000
[7] Decree number 11226
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Lebanon renews Transportation, Schooling, Cost of Living expenses and Minimum wages1.01 MB