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| Lebanon to adopt digital tax-free shopping technology |
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Posted on 4 Jul 2010 |
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The Ministry of Finance announced plans to introduce a new digital tax-free shopping technology in Lebanon.
It noted that the technology will create a more efficient administrative process and bring Lebanon into the digital age. Global Blue, a global services firm that specializes in retail transactions, will roll out the technology in the country. It said that Lebanon will be one of the first countries in the world to implement this technology, which will position it ahead of its peers in terms of the capabilities of retailers and will ease tax-free shopping for tourists. It added that the technology provides retailers and customs officials access to digitalized data that can be used to improve their marketing and decision-making. The technology has only been standardized in Finland, and will be implemented in Lebanon in August. Global Blue already processes tax refunds for tourists in Lebanon.
Lebanon This Week – Byblos Bank
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