The Caretaker Minister of Finance, Youssef el-Khalil, issued three decisions on Friday regarding the extension of payment deadlines for certain taxes to give taxpayers more time and avoid late payment fines.
The deadline for filing a personal declaration for property tax on built real estate or on a portion of real estate with income exceeding forty million Lebanese pounds during the year 2023 has been extended until April 30.
The deadline for filing the annual declaration for income tax on salaries and wages (R5), individual annual statements (R6), and the annual global statement (R7) for works of the year 2022, and the payment of tax if due, has been extended until April 30, 2024.
The deadline for filing the annual declaration for income tax on salaries and wages (R5), individual annual statements (R6), and the annual global statement (R7) for works of the year 2023, and the payment of tax if due, has been extended too, until April 30, 2024.
Additionally, the minister issued two memoranda. The first allows taxpayers to submit monthly declarations, pay the stamp duty due monthly on paper invoices and receipts to Liban Post, and pay the amount due in cash in accordance with payment notices until December 31.
The second memorandum is a request to the Treasury Department, commercial banks, and companies working with the Ministry of Finance not to collect the fiscal stamp duty of LBP 100,000 for each payment notice (Form p. 14) with a base value not exceeding 500,000 pounds. This request is valid until June 30.
