Insights

Kindly find attached:

Decision number 134-1 related to the extension of the deadline for filing title 3 tax on movable capital income received by resident taxpayers outside Lebanon or transferred to foreign countries, till 30 April 2020.

Decision number 135-1 related to the extension of the deadline for filing a request to benefit from a 50% tax waiver as per Article 28 of Law number 6 issued on 5 March 2020 (Budget Law 2020) till 30 April 2020.

• Notification number 306/S1 dated 7 February 2020 related to the registration with the Ministry of Finance, the notification of changes of information, and to the ultimate beneficial owner’s obligations.
• Notification number 440/S1 dated 25 February 2020 related to the mechanism of settling the stamp tax duty in cash on invoices and receipts.
• Minister of Finance Circular, dated 16 March 2020, defining the mechanism of settling the stamp tax duty to notaries during the exceptional situation and COVID 19.

In connection with Minister of Finance Decision No. 125/1 dated 22 March 2020, all tax obligations which deadlines end between 1 March 2020 and the end date of the General Mobilization situation will be suspended until the Lebanese Council of Ministers issues a decision ending this exceptional situation.

On 23 March 2020, the Central Bank of Lebanon issued Intermediate Circular number 547 – Decision 13213 amending Basic Decision number 6116 dated 7 March 1996 related to facilities granted by BDL to banks and financial institutions.