Arab World

Ministry of Finance: The Closure Period Is Not Included in the Compliance Deadlines for Tax Obligations

Ministry of Finance: The Closure Period Is Not Included in the Compliance Deadlines for Tax Obligations

The Ministry of Finance has announced to tax and fee payers that the closure period will not be included in the deadlines for complying with their obligations.

The National News Agency reported that the General Directorate of Finance in the Ministry issued a statement regarding the exclusion of the total closure period from January 14, 2021, to January 24, 2021, from the deadlines for tax obligations in light of Law No. 212/2021.

The new financial statement indicated that “referring to statement No. 4131/P1 dated December 9, 2020, and the attached schedule, and since the second item of Law No. 212 dated January 16, 2021, suspended all legal, judicial, and contractual deadlines throughout the complete closure period determined per the decisions of the declaration of general mobilization made under Decree No. 7315 dated December 31, 2020, and since the deadlines for some tax obligations included in the aforementioned schedule fall within the complete closure period from January 14, 2021, to January 24, 2021, accordingly, the General Directorate of Finance advises all tax and fee payers that the aforementioned closure period is not counted in the specified deadlines for complying with their obligations, meaning that those deadlines will resume from January 25, 2021.”

Lebanon entered a general lockdown phase from January 14 to January 24 to curb the spread of the coronavirus, which had reached record numbers in recent days.

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