Category: Notifications & Regulations

MoF decision #545/1: Extension of the deadline for the electronic tax filing of the income from foreign movable assets for the fiscal year 2024 according to the article 82 of the Income Tax Law till the 30^th June 2025 inclusive.

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MoF decision #546/1: Extension 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 a real profit basis (sole proprietorships, partnerships and institutions who are exempt from income tax and adopting the accrual basis of accounting) 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 29^th August 2025 inclusive.

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MoF decision #547/1: Extension of the deadline for the annual tax on salaries declarations (R5,R6,R7) of the year 2024 and the payment of the related due tax till the 29^th August 2025 inclusive

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The Ministry of Finance (MoF) has issued on the 26^th May 2025 the decision # 496/1 (attached a scanned copy) defining the new thresholds to classify a company among the Large Taxpayers that are subject to the control and are monitored by the dedicated Large Taxpayers department at the MoF :

·         If its annual turnover in 2022 reached or exceeded LBP 80 billion

·         If its annual turnover in 2024 reached or exceeded LBP 400 billion (i.e. around US$ 4,470,000 at the current exchange rate)

 If the company’s turnover falls below the above mentioned threshold for 3 consecutive years, it will be excluded from the large taxpayers department at the MoF.

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Extension of the deadline for the VAT declaration of the 1^st quarter of the year 2025 and the payment of the related tax until the 20^th June 2025 (inclusive).

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Extension of the deadline for the VAT declaration of the 4^th quarter of the year 2024 and the payment of the related tax until the 20^th June 2025 (inclusive).

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Extension of the deadline for the Tax on salaries declaration of the 1^st quarter of the year 2025 and the payment of the related tax until the 16^th June 2025 (inclusive).

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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.

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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.

The Ministry of Finance (MoF) has issued on the 17^th April 2025 the decision #402/1 (attached a scanned copy) has further extended the deadline for the filling and payment of the 4^th quarter of 2024 Value Added Tax (VAT) declaration till the 20^th May 2025 inclusive.

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