Tax Alert: Decree # 2923 dated 24 April 2026 increasing NSSF ceiling and family allowances

Decree # 2923 dated 24th April 2026 (attached a scanned copy) has increased the following NSSF ceiling and family allowances starting from the beginning of the month that follows its publication in the official gazette:

1)      The NSSF monthly ceiling for the family allowance contributions calculation is set at LBP 28,000,000.

2)      The monthly family allowances have been increased to a maximum of LBP 7,875,000 split as follows:

a.       LBP 2,100,000 for the spouse/husband.

b.      LBP 1,155,000 for every child up to 5 children.

This decree has still to be published in the official gazette and followed by an NSSF application Memo before being in force

 

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