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