Insights

Mr. Sarkis Sakr, President of the Lebanese Association of Certified Public Accountants, issued Publication number 8/2020 clarifying Law number 160 dated 8 May 2020 and published in the official gazette on 14 May 2020. Law number 160 suspends legal, judicial and contractual deadlines until 30 July 2020.

As per Mr. Sakr, all tax deadlines and obligations are suspended until 30 July 2020 as per the above mentioned Law.

Kindly find attached Minister of Finance Decisions 146/1 and 147/1 dated 15 April 2020 related to the extension of the deadline for the submission and settlement of the tax on salaries and VAT of the first quarter of year 2020 until 15 May 2020 (inclusive).

Kindly find attached Ministry of Labor Decree number 6230 dated 30 March 2020 and NSSF Memo number 635 dated 9 April 2020.

NSSF Memo No. 26 dated 6 April 2020 determining the mechanism of obtaining NSSF clearances during this exceptional period.