Lebanese Taxation System (Updated Version)

This is an updated three-session workshop based on 2022 budget law with key insights on 2023/2024 Budget Laws, sessions will cover Income Tax, Salary Taxes and VAT, by means of an expert facilitator, with over 21 years of experience as a VAT lead auditor.

Specific learning objectives include:

• Overview of 2022 budget law impact and Insights from 2023 and 2024 budget laws.
• Understanding Income Taxes.
• Be Familiar with different Income Taxes systems
• Able to properly fill and use different Income Taxes forms.
• Process of declaration, with deadlines and penalties.
• Learn and Practice Taxes over Salaries: Employers & Employees Obligations.
• Salary Taxes forms and procedures R3-R10
• VAT: Rules, Regulations, Forms and Procedures + The New TVA Decree Explained

Session One: Income Taxes

• Overview of Income Tax: Who is Subject to it and who is Exempt.
• Methods of Tax Assignment over Profit by type: Commercial, Industrials, Professions, and Profit enhancement.
• Obligations over who is subject to Income Tax
• Tax Calculation
• Income Tax Calculations after family deductions.
• Filling Personal Tax Declaration (R8) and filling Tax Declaration to companies without financial data.
• Deadlines & Penalties

Session Two: Salary Taxes

Overview of:

• Taxable Amounts
• Exempt Amounts
• Deductible Amounts
• Family Deductibles
• Tax Rates & Intervals
• Salaries, Benefits, Cash and Rewards.

 Employer’s Obligations

 Employees Obligations

 Salary Taxes Forms: R3 – R4 – R5 – R6 – R7 – R8 – R10

• Regulations
• Calculations
• Declaration
• Deadlines
• Penalties

Session Three: Value Added Tax

• Terms for Applicability
• Exemptions
• Registering Procedures with Forms
• Invoicing
• Tax Deduction
• Accounting Entries with Examples
• Quarter Declaration Statement with the Form
• Annual Declaration Statement with the Form
• Penalties
• Redemption (Re-imbursement) with the request forms