The Ministry of Finance has issued and published the notification below No. 440/1 dated 25/02/2020, relating to the payment of the tax stamp duty that applies to invoices and receipts in cash
This notification recalls that companies and individual enterprises can settle the stamp tax duty of 250 L.L. that applies on invoices numbered in cash, in accordance with article 43 of the law relating to the tax stamp duty and thus, before their use.
Indeed, in order to benefit from the provisions of the aforementioned article 43, companies as well as individual enterprises should settle the tax stamp duty equivalent to 250 L.L. for each invoice or cash receipt before the relevant departments of the Ministry of Finance of Beirut and other governorates (محافظات) before the issuance of said invoices or receipts, according to the following mechanism:
- Presentation of a request to the tax authorities including:
- the number of invoices or receipts for which the stamp tax will be paid in advance;
- the numerical order of invoices or receipts to be issued on the basis of the fixed number;
- the total value of the tax stamp duty to be paid.
In this regard, it should be noted that the request should be accompanied by a copy of each invoice or receipt issued.
- Following the payment of the tax stamp duty, the company or the enterprises should write the expression “tax stamp duty paid in cash” on each invoice or receipt issued in the numerical order for which the tax was previously paid.
- The company or the enterprise should settle the tax stamp duty according to the same mechanism before exceeding the number for which the tax has been already paid.