The Decree #12148 dated 11th September 2023 (attached a scanned copy) and published in the official gazette on 14th September 2023 has further extended 6 months from its publication date (i.e. till the 14th March 2024) the deadline to perform an exceptional revaluation of fixed assets in accordance with article 30 of the 2022 Budget Law.
Category: Notifications & Regulations
MoF decision #684/1
Further extension of the deadline for the filing and the payment of the corporate income tax return as well as the Ultimate Beneficiary Owner (UBO) declaration of the fiscal year 2022 whose initial tax filing deadline was 31st May 2023 till the 29 September 2023 (inclusive).
MoF decision #683/1
Further extension of the deadline for the declaration, payment and refund requests of the quarterly Value Added Tax (VAT) return for the 2nd quarter of the year 2023 till the 29th September 2023 (inclusive).
MoF decision #682/1
Further extension of the deadline for the filling and payment of the personal annual employees’ income tax return (R8 form) for the year 2022 till the 29th September 2023 (inclusive).
MoF decision #681/1
Further extension of the deadline for the filling and payment of the tax on salaries of the 2nd quarter of the year 2023 until the 29th September 2023 (inclusive).
Decision #640/1
The Ministry of Finance (MoF) has issued on the 31st August 2023 the decision #640/1 (attached a scanned copy) in application of the article 72 of the Budget Law 2022 (Law #10) related to the tax exemption of machines and equipment related to renewable energies.
Memo #714
The National Social Security Fund (NSSF) has issued a Memo #714 on the 5th September 2023 (attached a scanned copy) whereby it has finally clarified the exchange rate to be used for the conversion of the salaries paid in foreign currencies. According to this Memo, the NSSF is requesting to apply the exchange rate set in the article 35 of the Budget Law of the year 2022 (Law #10 published on the 15/11/2022) and the MoF decisions #2/1 and 3/1 dated 9 January 2023 (i.e. 15,000 LBP/USD) to calculate the social security contributions on the salaries paid in foreign currencies.
Memo #714
The National Social Security Fund (NSSF) issued Memo #714 on the 5th of September 2023 (attached a scanned copy) whereby it has finally clarified the exchange rate to be used for the conversion of the salaries paid in foreign currencies. According to this Memo, the NSSF is requesting to apply the exchange rate set in article 35 of the Budget Law of the year 2022 (Law #10 published on 15/11/2022) and the MoF decisions #2/1 and 3/1 dated 9 January 2023 (i.e. 15,000 LBP/USD) to calculate the social security contributions on the salaries paid in foreign currencies.
Decision #640/1
The Ministry of Finance (MoF) issued on the 31st August 2023 decision #640/1 (attached a scanned copy) in the application of article 72 of the Budget Law 2022 (Law #10) related to the tax exemption of machines and equipment related to renewable energies.
According to this decision and Article 72 of the Budget Law 2022, all equipment related to renewable energies (Photovoltaic cells, modules, panels, Solar battery chargers, and inverters, etc.) is exempted from VAT, customs, and the minimum custom duty of 3% starting from the publication date of the Law #10 (i.e. 15th November 2022).
MoF decision #633/1
Further extension of the deadline for the filling and payment of the tax on salaries of the 2nd quarter of the year 2023 until the 15th September 2023 (inclusive).