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.
Category: Notifications & Regulations
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.
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).
MoF decision #350/1
MoF decision #350/1: dated 9th April 2024 extended the deadline for the filling and payment of the Value Added Tax (VAT) declaration of the 1st quarter of the year 2024 until the 31st May 2024 (inclusive).
MoF decision #305/1
MoF decision #305/1: dated 4th April 2024 extended the deadline for the declaration of the income from foreign movable assets of the fiscal year 2023 according to the article 82 of the Income Tax Law and the payment of the related tax until the 31st May 2024.
MoF decision #304/1:
MoF decision #304/1: dated 4th April 2024 extended the deadline for the declaration of the income from foreign movable assets of the fiscal year 2022 according to the article 82 of the Income Tax Law and the payment of the related tax until the 31st May 2024.
Decision # 302/1
Please be informed that the Ministry of Finance (MoF) has issued on the 2nd April 2024 the decision # 302/1 in application of the article 18 of the 2024 Budget Law # 324, that defines the exchange rate to be applied for the conversion of the salaries paid in foreign currencies at 89,500 LBP/USD (current Sayrafa and parallel market rate) starting from the 1st April 2024.
For the period prior to this date (i.e. for the months of January to March 2024), the salaries paid in foreign currencies should be converted at the previous exchange rate of 15,000 LBP/USD set by the MoF decision # 3/1 dated 9th January 2023 (application decision of the article 35 of the 2022 Budget Law # 10).
MoF instruction #441/1
Sets the procedure to reconsider the decisions issued by the Value Added Tax (VAT) department against taxpayers for VAT infringements.
MoF decision #174/1
Application of the article 39 of the 2022 Budget law related to the tax on the Capital gain (i.e. difference between the acquisition cost and the selling price) generated by individuals from the transfer of their shares in the following joint-stock (SAL) companies: (i) Companies whose sole or main object is to own lands or built properties, (ii) Companies whose main activity is trading real estate properties or real estate development and (iii) Companies with real estate properties exceeding 50% of their total fixed assets. The capital gain tax is equal to the transfer and registration fees on real estate properties (i.e. 3% for Lebanese and 5% for foreigners). Attached to this MoF decision are the tax declaration forms for this capital gain tax.