RandomMemory wrotebullshit. PC and parts was always doing it since day 1, charging VAT at black market rate. Their prices are inflated as well, you're better off buying from someone else, I stopped buying from them after purchasing around 10k worth of equipment over the course of 5 years. They also charge shipping at black market rate...
That is pure theft indeed.
Assume a computer item costs 500 USD before 11% VAT
500 (1.11) = 555 USD
55 × Black Market Rate (Let us say 8000 LBP)
55 × 8000 = 440,000 LBP
What was declared previously to the MoF ,
55 × 1520 = 83,600 LBP
VAT Tax evasion = 440,000 - 83,600 = 356,400 LBP
Profit to PC&Parts and Loss to MoF
356,400 / 8000 ( converted back to USD) = 44.55 USD
This is on a single 500 USD item being sold , imagine on a monthly bases items turnover.
VAT Tax Evasion
Income Tax Evasion
NSSF contribution Tax Evasion
Customs fraudulant declaration
All combined created a deep hole in the Lebanese treasury for years.
PC&Parts is not alone , rather this theft is applicable to many electronic / computer shops here. As such , the last circular by MoF to report 11% VAT of products being sold in USD as LBP × the black market rate at the date of purchase. The repercussion here is deep loss on the end customer pocket. On one hand MoF will reduce tax evasion, but on the other hand , many shops will charge the VAT on the black market rate and not 1520 by listing their products purely in USD.