MoF decision #218/1: Extension of the deadline for the annual tax on salaries declarations (R5,R6,R7) of the year 2022 and the payment of the related due tax till the 30th April 2024 (inclusive).
Category: Notifications & Regulations
MoF decision #217/1
MoF decision #217/1: Extension of the deadline for the annual tax on salaries declarations (R5,R6,R7) of the year 2023 and the payment of the related due tax till the 30th April 2024 (inclusive).
MoF has issued on the 22nd March 2024 two Memos #590-1 and #591-1
The Ministry of Finance (MoF) has issued on the 22nd March 2024 two Memos #590-1 and #591-1 setting in place the mechanism to declare and settle fiscal stamp duties till the 31st December 2024 due to the shortage of sticker stamps in the market. Taxpayers should declare these fiscal stamps on paper forms (available here under) within 15 days following the month where these fiscal stamps were due through LibanPost and pay the related dues through commercial banks, money transfer companies, or LibanPost.
MoF decision # 293/1 dated 20 July 2020
We hereby remind you of the requirements set in the Ministry of Finance (MoF) decision # 293/1 dated 20 July 2020 in relation with the payment by your companies of services to residents of contracting states that Lebanon has a Double Tax Treaty with such as France, Cyprus or the UAE (list of the Double Tax Treaties signed by Lebanon attached).
According to this MoF decision and in order to benefit from the provisions of Double Tax Treaties (DTT), Lebanese taxpayers contracting with parties residing in a country which Lebanon has concluded a DTT with, should submit to the tax authorities the following documents:
1) A tax residency certificate from the other contracting state’s tax authorities for the contracting party;
2) Commitment letter from the other party that it does not carry-on business in Lebanon in which the revenues arise, through a permanent establishment situated therein.
3) A separate letter which should include the other party’s name and its country of residency, as well as the nature of relationship between the Company and this other party. Also, the letter should include the tax treatment the company is undergoing with respect to the amounts paid to that foreign party. The above-mentioned documents should be attached to the letter which should be sent to the tax authorities within 1 month from the date of establishing the relationship.
In case of subsequent change to the information presented above, another letter should be sent to the tax authorities to inform them about these changes before 31 January of the next year.
The tax treatment of contractual obligations with parties residing in a country which Lebanon has concluded a DTT may defer from a country to another according to the provisions of the DTT.
MoF Decision #147/1
Decision #147/1 has extended the deadline to present the annual tax declarations of the nonprofit organizations (on cash basis) and the lump sum taxpayers as well as the Ultimate Beneficiary Owner (UBO) declaration of the fiscal year 2023 until the 28th March 2024
MoF Decision #146/1
Decision #146/1 has extended the deadline for the declaration of the income from foreign movable assets of the fiscal year 2023 according to the article 82 of the Income Tax Law until the 28th March 2024
MoF Decision #145/1
Decision #145/1 has further extended the deadline for the declaration of the income from foreign movable assets of the fiscal year 2022 according to the article 82 of the Income Tax Law until the 28th March 2024.
NSSF Law #319
Law #319 dated 22nd December 2023 published in the Official Gazette #53 dated 28 December 2023 (attached a scanned copy) has made major changes to the NSSF law and set a new Retirement and Social protection regime. This Law will only be applicable upon the issuance of the related application decrees. We have attached a memo prepared by the NSSF to answer the Frequently Asked Questions (FAQ) on this new Retirement regime.
NSSF Memo #743
The NSSF Memo #743 dated 21 February 2024 (attached a scanned copy) in application of the Decree #12962 dated 12 February 2024, published in the Official Gazette #7 on the 15th February 2024, has defined the 1st March 2024 as the starting date for the increase in the NSSF ceiling for the Sickness & Maternity contributions to 5 times the minimum wage (i.e. LBP 45,000,000).
Budget Law 2024 (Law #324)
The Budget Law 2024 (Law #324) was published in the Official Gazette appendix #7 dated 15th February 2024 and included some major tax amendments and discounts on penalties as well as a tax amnesty (articles 87 & 88). Here is the English summary of the main tax articles of Chapter 3 of this Budget Law 2024.