The Ministry of Finance (MoF) has issued on the 5th May 2025 the decision #430/1 (attached a scanned copy) extending of the deadline for the filling of the annual declaration forms (including the UBO M18 form) for the year 2024 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 30th May 2025 inclusive.
Author: citylog
New annual non-resident tax forms
The new tax forms for the yearly non-resident tax declarations:
– The yearly non-resident tax declaration form G5/M to be used for companies.
– The yearly non-resident tax declaration form G5/T to be used for individuals.
New tax prescription deadlines
The recap table of the new tax prescription deadlines following the suspension of legal deadlines for COVID-19 (Law #238/2021) and the recent war with Israel (Law #328/2024).
For example, the fiscal year 2015 can still be reviewed by the tax authorities till 13 October 2025 and the fiscal year 2024 till the 31 March 2031.
MoF decision #423/1 extension of FY 2024 tax filling deadlines for deemed profit taxpayers & NGOs till 30 May 2025
The Ministry of Finance (MoF) has issued on the 30th April 2025 the decision #423/1 (attached a scanned copy) extending of the deadline for the filling of the annual declaration forms (including the UBO M18 form) for the year 2024 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 30th May 2025 inclusive.
Lebanon amends banking secrecy rules in victory for new government
President Joseph Aoun came to power vowing to enact sweeping reforms after financial crisis and Israel-Hizbollah war.
«خشية عند البعض من القانون ويخوضون حرباً وجودية»
كريم ضاهر لـ «الأنباء»: رفع السرية المصرفية خطوة إصلاحية والعبرة في التنفيذ
Levée du secret bancaire : la fin du commencement ?
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« S’il est vrai que le secret bancaire dans sa forme originelle a disparu, le secret professionnel reste lui présent et sort même renforcé », analyse l’avocat et enseignant Karim Daher.
https://www.lorientlejour.com/article/1457563/la-fin-du-commencement-.html
MoF decisions #402/1 dated 17th April 2025 : Extension of tax filling deadlines
The Ministry of Finance (MoF) has issued on the 17th April 2025 the decision #402/1 (attached a scanned copy) has further extended the deadline for the filling and payment of the 4th quarter of 2024 Value Added Tax (VAT) declaration till the 20th May 2025 inclusive.