Post by account_disabled on Mar 14, 2024 1:18:35 GMT -5
Betting activities. Non profit associations. Selling built properties and renting residential properties. Mass transportation of people. Delivering gold to the central bank. Farmers when delivering their agricultural crops in their natural state. Some basic goods are also exempt from VAT such as medicines bread flour sugar and books. Taxes in Lebanon Registration for VAT Mandatory registration Taxable persons are required to compulsorily register themselves for VAT if their business revenues for four consecutive periods exceed an amount of more than million LBP.
The registration application must be submitted within a period of two months starting from the last day of the period in which the conditions for being subject to tax are met. Read more about Electronic payment in BTC Database ES Lebanon Optional registration Any taxable person whose business revenues do not exceed the minimum registration threshold has the right to request VAT registration provided that he achieves revenues exceeding million Lebanese pounds for four consecutive periods.
Cancel registration Persons subject to the tax system in Lebanon have the right to request cancellation of their registration within a period of two months from the end of the fiscal year during which the conditions for being subject to tax expired. This includes business cessation cessation of taxable operations or business revenue falling below the voluntary registration threshold. An invoice platform that helps you create a tax invoice. Fatawa allows you to create a tax invoice that suits the tax laws in your country easily and effectively. All you have to do is register on the Fatawa platform create your detailed invoice and activate the tax option and the tax value will be calculated and added to your total invoice. Read more about how to create a tax invoice.
The registration application must be submitted within a period of two months starting from the last day of the period in which the conditions for being subject to tax are met. Read more about Electronic payment in BTC Database ES Lebanon Optional registration Any taxable person whose business revenues do not exceed the minimum registration threshold has the right to request VAT registration provided that he achieves revenues exceeding million Lebanese pounds for four consecutive periods.
Cancel registration Persons subject to the tax system in Lebanon have the right to request cancellation of their registration within a period of two months from the end of the fiscal year during which the conditions for being subject to tax expired. This includes business cessation cessation of taxable operations or business revenue falling below the voluntary registration threshold. An invoice platform that helps you create a tax invoice. Fatawa allows you to create a tax invoice that suits the tax laws in your country easily and effectively. All you have to do is register on the Fatawa platform create your detailed invoice and activate the tax option and the tax value will be calculated and added to your total invoice. Read more about how to create a tax invoice.