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MoF notification #796-1 dated 10 March 2026-Extension of Exceptional revaluation of assets deadline

MoF notification #796/1 – Extension of deadline for Exceptional revaluation of assets for FY 2023 & 2024 till 10 May 2026

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The Ministry of Finance (MoF) has issued on the 10th March 2026 the notification # 796/1 (attached a scanned copy) reminding the taxpayers, eligible to perform an Exceptional Revaluation of their Inventory and Fixed Assets according to the Law # 330, that the Article 40 of the Budget Law 2026 (Law #40) has extended the deadline to submit their revaluation reports for the Fiscal Years 2023 and 2024 to the MoF until the 10th May 2026 (inclusive).

The MoF notification also informs the taxpayers who already submitted their revaluation reports for the fiscal years 2023 and 2024 that they have the ability to modify them within the set deadline to comply with the provisions of the Law # 330 and its MoF application decisions # 339 (Fixed assets), 340 (Inventory) and 715 (for banks), if their revaluation reports have not yet been reviewed and adjusted by the MoF.

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MoF notification #796-1 dated 10 March 2026-Extension of Exceptional revaluation of assets deadline

MoF decisions extending tax filling deadlines

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The Ministry of Finance (MoF) has issued on the 27th February 2026 the following decisions (attached scanned copies) extending tax filing deadlines:

 –          MoF decision #285/1: Extension of the deadline for the annual tax on salaries declarations (R5,R6 & R7) of the fiscal year 2025 and the payment of the related due tax till the 31st March 2026 inclusive.

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–     MoF decision #286/1: Extension of the deadline for the filling of the annual declaration forms (including the UBO M18 form) for the fiscal year 2025 for taxpayers subject to tax on deemed profit basis and non-for-profit organizations (NGOs) holding their accounting on cash basis, and the payment of the related tax as well as for submitting the annual non-resident tax (G5 form) due as per article 41 and 42 of the income tax law till the 16th March 2026 inclusive.

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MoF notification #796-1 dated 10 March 2026-Extension of Exceptional revaluation of assets deadline

Budget Law 2026 – Tax amendments

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The Budget Law 2026 (Law #40) was published in the Official Gazette appendix #7 dated 10th February 2026 (attached a scanned copy of the Chapter 3 of this Law) and included some major tax amendments. We have prepared our usual English summary of the main tax articles of the Chapter 3 of this Budget Law 2026 that we are sending you attached.

 

These are the main tax amendments of the Budget Law 2026:

–          Tax penalties discounts (Article 15)

–          Penalties on delay or failure to declare the Ultimate Beneficial Owner (Article 18)

–          Increase in the food allowance granted to employees to LBP 300,000 per day (Article 26)

–          Tax deposit on account of 1.5% of the value of import for non-compliant taxpayers (Article 27)

–          Cap of USD 30,000 on the acceptable depreciation of passenger vehicles (Article 29)

–          Cap of USD 30,000 on the acceptable VAT deductibility of passenger vehicles & VAT on utilities no longer deductible (Article 30)

–          Extension of the deadline for the exceptional revaluation of inventory and fixed assets (Law #330) for 3 months from the Budget Law 2026 publication date (Article 40)

–          Extension of the 3% fee on imported goods subject to VAT till 31 December 2030 (Article 42)

–          VAT quarterly filing deadline changed from 20 days to one month following the end of each quarter (Article 51)

–          Amendment of the article 93 of the Budget Law 2024 to increase the threshold of the 17% Sayrafa tax to USD 100,000 and exempt salaries (Article 52)

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MoF notification #796-1 dated 10 March 2026-Extension of Exceptional revaluation of assets deadline

MoF decision #125/1 dated 20 February 2026 – Reductions on tax penalties till 30 June 2026

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Based on the article 16 of the Budget Law 2026 (Law #40), the Ministry of Finance (MoF) decision # 125/1 dated 20th February 2026 (attached a scanned copy) has granted tax penalties rebates on tax adjustments arising from documented assignments issued as of 16 November 2022 whatever the date of the infringement till the 30th June 2026.

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MoF notification #796-1 dated 10 March 2026-Extension of Exceptional revaluation of assets deadline

MoF decision #57/1 extension of FY 2025 tax filling deadlines for deemed profit taxpayers & NGOs till 27 Feb 2026

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The Ministry of Finance (MoF) has issued on the 29th January 2026 the decision #57/1 (attached a scanned copy) extending of the deadline for the filling of the annual declaration forms (including the UBO M18 form) for the year 2025 for taxpayers subject to tax on deemed profit basis and non-for-profit organizations (NGOs) holding their accounting on cash basis, and the payment of the related tax as well as for submitting the annual non-resident tax (G5 form) due as per article 41 and 42 of the income tax law till the 27th February 2026 inclusive.

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MoF notification #796-1 dated 10 March 2026-Extension of Exceptional revaluation of assets deadline

MoF decision #26/1 – Extension of tax Sayrafa profits till 31 March 2026

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The Ministry of Finance (MoF) has issued on the 15th January 2026 an additional decision # 26/1 (attached a scanned copy) extending the deadline for the Tax on Sayrafa profits declaration and the payment of the related tax until the 31st March 2026 (inclusive).
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MoF notification #796-1 dated 10 March 2026-Extension of Exceptional revaluation of assets deadline

Extension of tax filing deadlines

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MoF decision #21/1: Extension of the deadline for the filling of the annual declaration forms (including the UBO M18 form) for the fiscal year 2024 for partnerships, sole proprietorships, individual taxpayers subject to income tax based on the real profit and institutions which are exempt from income tax (including associations and NGOs) and adopting the accrual basis of accounting and the payment of the related tax as well as for submitting the annual non-resident tax (G5 form) due as per article 41 and 42 of the income tax law till the 30th January 2026 (inclusive).

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 MoF decision #22/1: Extension of the deadline for the Tax on salaries declaration of the 4th quarter of the year 2025 and the payment of the related tax until the 26th January 2026 (inclusive).

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MoF decision #23/1: Extension of the deadline for the Non-resident tax declaration of the 4th quarter of the year 2025 and the payment of the related tax until the 26th January 2026 (inclusive).

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MoF decision #24/1: Extension of the deadline for the filing and the payment of the Corporate Income Tax, the related Ultimate Beneficiary Owner (UBO) and the yearly non-resident tax (Form G5) declarations of the fiscal years 2023 and 2024 for Corporations (SAL and SARL) till the 30th January 2026 (inclusive).

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MoF decision #25/1: Extension of the deadline for the Value Added Tax (VAT) declaration of the 4th quarter of the year 2025 and the payment of the related tax until the 30th January 2026 (inclusive)

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These MoF decisions will also automatically extend the deadlines for submitting the Fixed Assets and Inventory Revaluation reports according to the Law #330 as follows:

–          Revaluation reports of the years 2022, 2023 and 2024 for corporations (SAL and SARL) till the 30th January 2026 (inclusive).

–          Revaluation reports of the year 2024 for individual taxpayers subject to real profit and partnerships till the 30th January 2026 (inclusive).

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MoF notification #796-1 dated 10 March 2026-Extension of Exceptional revaluation of assets deadline

NSSF Memo #1 dated 12 January 2026 – Annual ceilings for the year 2025

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The NSSF Memo # 1 dated 12th January 2026 (attached a scanned copy) has set the following:

·         The maximum earnings subject to the Social Security contributions of Maternity and Sickness (11%) for the year 2025 is LBP 1,230,000,000.

·         The maximum earnings amount subject to the family allowance (6%) for the year 2025 is LBP 180,000,000.

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