On Friday, Finance Minister of the caretaker government, Youssef Khalil, issued two decisions extending tax deadlines.
The first decision states in Article One: "The deadline for submitting the annual electronic income tax return for taxpayers based on actual profits is extended until June 25, 2024, including the following declarations and statements:
• Personal income tax return "Form F1"
• Statement of the partner's share of profits (losses) (Form A49)
• Statement of the economic rights holder (Form M18)
• Declaration of non-practice of work (Form M7)
In Article Two: The deadline for submitting the following paper declarations is extended until June 30, 2024, including:
• Income tax return for sole proprietorships taxed on actual profits (Form F2). The electronic return receipt related to the personal income tax return should be attached to the paper submission of Form F2 at Lebanon Post offices.
• Income tax return for partnerships (Form A1)
• Declaration of exempt entities from income tax other than companies that follow the accrual system in their accounting (Form C2)
• Annual declaration of amounts subject to tax under Articles 41 and 42 of the Income Tax Law (Form C5).
In Article Three: The deadline for payment of tax for the year 2023 for the taxpayers mentioned in Articles One and Two of this decision is extended until June 25, 2024, including.
As for the second decision, it states: "The deadline for submitting the annual income tax return related to salaries and wages (R5) and individual annual statements (R6) and the annual total statement (R7) for the fiscal year 2022 is extended until July 31, 2024, including, along with the payment of tax if applicable. These two decisions should be communicated as necessary and published in the official gazette and on the Ministry of Finance's website."
