Law number 185 issued on 27 August 2020

Thursday, August 27, 2020 - 14:15

Law number 185 dated 19 August 2020 and published in the official gazette on 27 August 2020 has provided exemptions related to the following matters:

  • Delay in interest and principal payment on subsidized bank loans;
  • the heirs of the Lebanese people who died in the blast of Beirut Port from the inheritance tax; and
  • the residential and non-residential buildings that were affected by the blast of Beirut Port from property tax and municipality tax for year 2020.

Also, this law has extended the following:

  • the terms of the Articles 22, 23, 34 and 35 of the Budget Law 2020 for a period of six months from the date of publication of this law; and
  • the period of suspension of deadlines stipulated by Law 160, dated 8/5/2020, until 12/31/2020.