The Minister of Finance, has issued the here below Decision No. 228/1 dated 22/06/2020 published in the Official Gazette No. 28 dated 02/07/2020 (here below), relating to the installment for payment of taxes withheld at source and value added tax (VAT) due to taxpayers until 31/12/2018 in addition to the due fines and penalties. According to the said Decision, the first installment should represent at least 15% of the due taxes and the installment period should not exceed three (3) years.
Thus, the taxpayer is entitled to submit a tax installment request to the tax authorities, provided however that the value of the amount to be installed shall be greater than /1.000.000/LBP (One Million Lebanese Pounds) for individuals and individual enterprises and /3.000.000/LBP (Three Million Lebanese Pounds) for companies and thus, until 05/09/2020. In case of a failure to pay an installment, all the installments with their interest will be due in addition to a fine (late interest) of 12%.