Finance committee calls for exchange rate correction, salary taxes review

The Finance and Budget parliamentary committee, headed by MP Ibrahim Kanaan, convened Tuesday to discuss circulars and decisions issued by Finance Minister Youssef Khalil.

After listening to the minister, the committee decided to delay the implementation of two salary taxes resolutions.

"Resolutions 686 and 687 will be reevaluated, in a way that secures people's interests," Kanaan said after the session.

He added that the committee does not support the retroactive effect on salary taxes, and called for adopting an acceptable and fair exchange rate.