Duration: 4 hours per session – 3 sessions in total

This is a three-session based workshop, whereas The below outlines Lebanese Taxation System throughout its sessions, by means of an expert facilitator, with over 18 years of experience as a VAT lead auditor

Specific learning objectives include:

• 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 R1-R10
• VAT: Rules, Regulations, Forms and Procedures

SESSION ONE: INCOME TAXES

This first Session will cover the following:

1-         Overview of Income Tax: Who is Subject to it and who is Exempt.

2-         Methods of Tax Assignment over Profit by type: Commercial, Industrials, Professions, and Profit enhancement.

3-         Obligations over who is subject to Income Tax

4-         Tax Calculation

5-         Income Tax Calculations after family deductions.

6-         Filling Personal Tax Declaration (R8) and filling Tax Declaration to companies without financial data.

7-         Deadlines & Penalties

SESSION TWO: SALARY TAXES

1-        Overview of:

1. Taxable Amounts
2. Exempt Amounts
3. Deductible Amounts
4. Family Deductibles
5. Tax Rates & Intervals
6. Salaries, Benefits, Cash and Rewards.

2-        Employer’s Obligations

3-        Employees Obligations

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

1. Regulations
2. Calculations
3. Declaration
4. Deadlines
5. Penalties

SESSION THREE: VALUE ADDED TAX

The last session of this Workshop will cover VAT as per the below:

1-        Terms for Applicability

2-        Exemptions

3-        Registering Procedures with Forms

4-        Invoicing

5-        Tax Deduction

6-        Accounting Entries with Examples

7-        Quarter Declaration Statement with the Form

8-        Annual Declaration Statement with  the Form

9-        Penalties

Redemption (Re-imbursement) with the request forms.