The Ministry of Finance (MoF) has issued on the 22nd April 2024 the decision # 381/1 (attached a scanned copy) that further extended, for the last time, the deadline for the electronic tax declaration of the income from foreign movable assets of the fiscal years 2022 and 2023 according to the article 82 of the Income Tax Law till the 15th August 2024 (inclusive) without penalties.
Author: citylog
Notification #861/1
On the other hand, the Ministry of Finance has also issued on the same date the Notification #861/1 reminding the taxpayers to complete their electronic filling of the annual tax on salaries declaration forms R5, R6 and R7 for the fiscal year 2022 before the extended deadline of the 30th April 2024 now that all the IT technical problems have been solved by the MoF regarding these declarations. If you still encounter a technical problem in uploading your electronic annual tax on salaries declarations, you can send an email to the following MoF support address: eservicesqa@finance.gov.lb
MoF decision #375/1
MoF decision #375/1: Extended the deadline for the filling and payment of the Fiscal stamp duty on invoices & receipts for the month of March 2024 until the 15th May 2024 (inclusive).
MoF decision #374/1
MoF decision #374/1: Granted a deadline for the declaration of the capital gain generated by individuals from the transfer of their shares in predominantly real estate joint-stock companies (SAL) according to the article 39 of the 2022 Budget Law #10 and the payment of the related tax until the 21st May 2024 (inclusive).
MoF decision #373/1
MoF decision #373/1: Extended the deadline for the declaration of the Non-resident tax of the 1st quarter of the year 2024 and the payment of the related tax until the 30th April 2024.
Decree #13225
Decree #13225 raising the schooling allowances for students in public schools and universities to LBP 4,000,000 (with a maximum of LBP 12,000,000) and for students in private schools and universities to LBP 12,000,000 (with a maximum of LBP 36,000,000 i.e. for 3 children). This increase in the schooling allowances is effective from the publication date of this Decree in the Official Gazette.
Decree #13164
Decree #13164 raising the official minimum wage for employees to LBP 18,000,000 per month and daily workers to LBP 820,000 per day, starting from the 1st April 2024.
Budget law for the year 2024
Here is a simplified version of the budget law for the year 2024 in English, issued in the format of a booklet by the Institut des Finances Basil Fuleihan, in cooperation with the Directorate of Budget and Expenditure Control at the Ministry of Finance, and the NGO Financially Wise. It was published in partnership with UNICEF, under the project “Enhancing Budget Transparency, Accountability and Inclusiveness in Lebanon”.
This booklet explains in an easy and simplified manner the general budget 2024 as approved by the Parliament, based on the document and figures published by the Ministry of Finance. It is part of the financial and fiscal awareness series, which aims at raising the awareness of citizens on their rights and obligations, hence facilitating their administrative transactions and promoting transparency and fiscal citizenship.
MoF decision #351/1
MoF decision #351/1: dated 9th April 2024 further extended the deadline for the filling and payment of the Tax on Salaries of the 1st quarter of the year 2024 until the 31st May 2024 (inclusive).