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.
Category: Notifications & Regulations
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.
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.
MoF decisions for extension of Q1 2025 Tax on salaries & VAT filling deadlines
MoF decision #384/1: Extension of the deadline for the Tax on salaries declaration of the 1st quarter of the year 2025 and the payment of the related tax until the 15th May 2025 (inclusive).
MoF decision #385/1: Extension of the deadline for the VAT declaration of the 1st quarter of the year 2025 and the payment of the related tax until the 20th May 2025 (inclusive).
MoF reply to LACPA on reduction on penalties in excess of LBP 5 Billion
The Ministry of Finance (MoF) replied to the letter of the LACPA and the Lebanese Economic Organizations (LEO) requesting the Government approval on all tax penalties reductions in excess of LBP 5 Billion due to the devaluation of the LBP that makes this threshold very low (i.e. USD 55,866 at the current exchange rate of 89,500 LBP/USD) compared to the previous equivalent (i.e. USD 663,667 at the previous official rate).
MoF has replied that based on the MoF decision #336/1 dated 12th March 2025 (in application of the article 88 of the 2024 Budget Law #324), all taxpayers can benefit from a reduction on their tax penalties without limit amount (i.e. including those in excess of LBP 5 Billion) till 30th June 2025 for the self-assessed tax adjustments and till 30th September 2025 for the rest of the infringements that occurred before the 16th February 2024 (publication date of the2024 Budget Law #324).
MoF notification #613/1 dated 24 March 2025-Application of articles 46 & 49 of Budget Law 2024 on individual income tax
Please be informed that the Ministry of Finance (MoF) issued on the 24th March 2025 the notification # 613/1 in application of the articles 46 & 49 of the 2024 Budget Law # 324 that amended the articles 31 and 32 of the Income Tax Law, on the individual taxpayers’ income tax family deductions and amended tax brackets taking into consideration the date the Budget law was implanted (i.e. its publication date of 15th February 2025).
This notification also reminds that the deadline to submit the online income tax declaration of the individual taxpayers subject to deemed profit has been postponed till the 30th April 2025 and for the real profit till 30th June 2025 following the suspension of the tax deadlines till the 31st March 2025 imposed by the Law #328.
Budget 2025 – Article 18 on fiscal stamp duty
Please be informed that the Budget Law of the year 2025 was issued by the Decree # 56 and published in the Official Gazette on 13 March 2025. This budget law doesn’t include new taxes or any amendment on the tax procedures. Among the most relevant articles of this Budget law, we are sharing with you the Article 18 (attached a scanned copy) related to the adjusted amounts of the Fiscal Stamp Duty.
