Author: citylog

Decree # 2923 dated 24^th 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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The NSSF Public Memo # 830 dated 8^th April 2026 (attached a scanned copy) has extended the deadline to submit the following declarations till the 30 June 2026:

·         Monthly social security declaration forms for the months of February, March and April 2026.

·         Quarterly social security declaration forms for the 4^th quarter of the year 2025 and the 1^st quarter of the year 2026.

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The Ministry of Finance (MoF) has issued on the 7^th April 2026 the notification # 1090 referring to the MoF decision # 401/2 (attached a scanned copies) on the exceptional reduction of 80% on the fiscal stamp duty delay penalties for any delay of more than 9 months if the declaration and the payment of this stamp duty with the reduced penalties are made before the 30^th June 2026 inclusive.

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The Ministry of Finance (MoF) has issued on the 31^st March 2026 the decision #404/1 (attached a scanned copy) extending of all the legal deadlines falling between the 2^nd January 2026 and the 31^st March 2026 inclusive till the 29^th May 2026.

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The NSSF Public Memo # 828 dated 16^th March 2026 (attached a scanned copy) has extended the deadline to file the annual salary nominative return of the year 2025 till 30 June 2026.

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The Ministry of Finance (MoF) has issued on the 13^th March 2026 the following notifications (attached a scanned copies) related to the Ultimate Beneficial Owner (UBO):

–          Notifications # 849/1 reminding the taxpayers to hold a special register for the information related to the UBO and submit the tax form M18 (available on their electronic account) updated till the 31^st March 2026 to the MoF before the 30^th April 2026 (inclusive).

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–          Notifications # 850/1 reminding the taxpayers, that according to the article 18 of the Law #40 dated 10^th February 2026 (Budget Law 2026) that amended the article 32 of the Tax Procedures Law, they have the obligation to amend the information related to the UBO within one month from any modification in these information to avoid the newly increased penalties set in the Budget Law 2026.

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The Ministry of Finance (MoF) has issued on the 10^th 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 10^th 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 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 16^th March 2026 inclusive.

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