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This law overrules law No. 43 dated 26 November 2015. Law no. 55 provides further detail into the methods of exchanging information. Information can be exchange through the Exchange of Information on Request (“EIOR”) method or through the Automatic Exchange of Information (“AEOI”) either through a signed double tax treaty or through the Common Reporting Standards (“CRS”).
DownloadThis law restricts any joint-stock company from issuing bearer shares and requires them to substitute their bearer shares to nominal shares within a year. These companies have to amend their Articles of Association accordingly and notify their shareholders of such amendment.Otherwise, the company will be subject to a penalty equal to 50% of its capital amount and will deprive its shareholders from executing their rights and from being assigned a position at the Company’s Board of Directors.
Download | DownloadA clarification regarding MoF Decision No.1205/1 dated 29 December 2015 stating that the Corporate Income Tax ("CIT") declaration for the fiscal year 2015 should be declared electronically for taxpayers who are using a licensed software.
Unregistered taxpayers should register on the MoF website www.finance.gov.lb
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Banque du Liban Accelerate 2015 is Lebanon’s annual international startup conference, and officially the largest and most international startup conference in the Middle East and North Africa, with over 7,000 attendees in 11,000 sqm over 2 days, 2 stages, 2 hackathons, 2 startup competitions, 2 workshop spaces, featuring over 100 speakers, 100 startups, and 100 exhibitors from 51 different countries across 6 continents. Over 3,000 attended the Opening Ceremony alone!.
Sarkis Sakr & Partners was the only audit firm in BDL Accelerate for the year 2015.
Our founding partner Mr. Sarkis Sakr was assigned once again as a member of the Higher Council of Accounting in Lebanon.
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