Financial Year – 1 January – 31 December
Currency – LBP
Residence – A company is considered to be resident when it has a permanent establishment in Lebanon.
Basis of Taxation – Companies are taxed on its net profit derived from Lebanon.
Residence – An individual is resident in Lebanon if he satisfies one of the following:
Basis of Taxation – Resident tax payers are subject to tax on income generated in Lebanon.
Filing Status – Each tax payer must submit his tax return by end of January of each year.
Last updated: 10.06.2020
Managing Partner, MBA, CPA, Auditor
+961 (1) 570 646