The Minister of Finance in the caretaker government, Yusuf Khalil, issued six decisions concerning deadline extensions. The first decision states: "The deadline for submitting the first quarter declaration of 2024 regarding amounts subject to the taxes of articles 41 and 42 of the Income Tax Law for taxpayers, public institutions, municipalities, municipal unions, agencies, councils, and all public funds (form J10) is extended until 28/06/2024."
In the second decision: "The deadline for submitting the periodic VAT declaration for the first quarter of 2024 and paying the resulting VAT, as well as for refund requests submitted during the declaration period for this quarter, is extended until 28/06/2024."
The third decision reads: "The deadline for submitting the personal declaration related to the property tax due on properties or parts of properties with revenues exceeding 40 million Lebanese Pounds compared to revenues in 2023, along with the payment of the resulting tax, is extended until 28/06/2024."
The fourth decision states: "The deadline for submitting the first quarter data for salaries and wages tax for the year 2024 and paying the relevant tax is extended until 30/06/2024."
The fifth decision: "The deadline for submitting the annual income tax declaration for the 2023 fiscal year, which originally ends on 31/05/2024, including for companies with oil rights and operating oil right companies, and paying the due tax, as well as the deadline for submitting the declaration of the economic right holder (form M18), and the annual declaration for 2023 regarding amounts subject to articles 41 and 42 of the Income Tax Law, is extended until 15/07/2024."
The sixth decision states:
Article One: "The deadline for submitting the electronic annual declaration for income tax based on the simplified profit tax for the following declarations and data is extended until 25/06/2024:
- Personal income tax declaration (form F1).
- A statement of the revenues and expenses of the institution/profession for those taxed under the simplified profit method (form F3).
- Declaration of non-engagement in business (form M7).
- Statement of the economic right holder (form M18).
Article Two: "The deadline for paying the tax for the year 2023 for the taxpayers mentioned in Article One of this decision is extended until 25/06/2024."
The minister's office clarified that "these decisions are aimed at providing taxpayers the opportunity to comply with their obligations and avoid penalties."
