The Ministry of Finance (MoF), has issued and published the here below Decision No. 54/1 dated 7th February 2020 relating to the implementing provisions of paragraph (2) of article 29 of the Law No. 144 dated 31/07/2019 (General Budget and annexed budgets for the year 2019).
According to this decision, as of 01/08/2019 and until the achievement of an electronic connection between the department of notaries and the department of the Ministry of Finance, notaries shall deposit before the Ministry of Finance a copy of each notarized sales contract of real estate and each irrevocable proxy organized before them, relating to the acquisition of built or unconstructed (land) real estate, without requiring any tax on said copies.
Notaries shall organize periodic declarations relating to the aforementioned sales contracts and proxies and deposit them along with copies of said contracts and proxies, before the Tax Compliance Department of the Directorate of Revenues or coordinate with said department in order to deposit these declarations and copies by an electronic mean, according to the following dates:
- Notaries in Beirut and Mount Lebanon:
A bi-monthly declaration, no later than the end of the month (for the first half of the current month), and no later than the 15th of each month (for the second half of the previous month).
- The Notary Public in other governorates (Mohafazas):
A monthly declaration within fifteen days of each month (for the previous month).
The tax compliance department of the Directorate of Revenues must:
- Receive the bi-monthly and monthly periodic declaration prepared by the notaries, accompanied by copies of the notary sales contracts and irrevocable proxies relating to the acquisition of build or unconstructed real estates, in paper or electronic form, and sign the receipt or confirm the receipt electronically by an electronic mean.
- Include these declarations and copies in the tax system (sigtas), according to the mechanism and regional financial interests in the governorates.