This notification recalls the provisions of article 82 of the Income Tax Law which compels physical or legal persons resident in Lebanon and who earn and/or derive income from foreign movable capital, when this income is paid to or collected abroad, directly or through intermediaries, to declare said income before March 1st of each year and pay the tax due before April 1st of the following year.
Failure of taxpayers to comply with the aforementioned obligations falls within the definition of the concept of tax evasion provided for in Article 1 of the Law on Tax Procedures (Law No 44 dated 11/11/2008 and modified bt article 57 of the Budget Law No 144 dated 31/7/2019) and constitutes a criminal offense liable to penalties in accordance with the request of the Ministry of Finance and thus, according to Decree-Law No. 156 dated 16/09/1983.
In light of the foregoing, the Ministry of Finance warns the concerned taxpayers of the necessity to comply with the above mentioned obligations in order to avoid their exposure to penalties provided for by the law on tax procedures and their criminal prosecution before the competent courts.