Insights
As per the Minister of Finance Decision number 469-1 dated 23 July 2021, the deadline for submitting the annual corporate income tax declarations and the ultimate beneficiary owner declaration for years 2019 and 2020 is 7 August 2021 (inclusive) and deadline for the settlement of related taxes is 31 December 2021
DownloadThe Minister of Finance has issued the below Decisions related to the extension of some tax deadlines:
- Decision number 462/1 dated 14 July 2021 related to the extension of the VAT declarations related to the second quarter of year 2021 until 30 July 2021;
- Decision number 463/1 dated 14 July 2021 related to the extension of the tax on salaries related to the second quarter of year 2021 until 30 July 2021;
As per Decision 363/1 dated 1 June 2021, and Article 2 of Law number 199 dated 29 December 2020, the deadlines for submitting the yearly income tax declarations and settling the related tax are as follows:
Year Deadline for filing Deadline for settlement
2019 25 June 2021 30 June 2021
2020 26 July 2021 30 June 2021
DownloadFriday, May 28, 2021 - 11:30 | Ministry of Finance
Committee of Legislation and Consultation issued Consultation number 179/2021 defining the exchange rate to be applied on the contributions to be settled to the National Social Security Fund on salaries paid in foreign currency.
As per the consultation, the exchange rate to be applied is the official rate determined by Banque Du Liban which is equivalent to LBP 1,507.5. All other exchange rates used by banks such as 3,900 or the rates used by the unofficial parties in the market are not applicable.
DownloadNotification number 1671-1 dated 26 May 2021 issued by the Director General defines the deadlines of all yearly, quarterly and monthly tax obligations that should be submitted during May 2021.
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