Mar 4, 2022 2 min read

Lebanon Payroll Outsourcing Alert

Lebanon – The Deadline for Filing 2021 Income Tax Declarations has been Extended

On February 28, 2022, the Lebanon Ministry of Finance extended the deadline for employers to declare income tax withheld during 2021. The deadline for filing 2021 declarations and paying any respective income tax due, was extended from February 28 to March 31, 2022.

Employers in Lebanon are required to withhold personal income tax at source and declare, as well as remit, all withheld income tax on a quarterly basis to the Ministry of Finance.

Quarterly income tax declarations (R10 Form) must be filed by employers for this. On an annual basis, by the end of February following a tax year end, employers in Lebanon are required to reconcile and declare income tax withheld during the tax year.

Forms R5 – Income Tax on Salaries and Wages, R6 – Individual Tax Withholding Statements and R7 – Income Tax Withholding Details for Leavers must be filed for this with the Ministry of Finance. Companies in Lebanon have now until March 31, 2022 to file these forms and pay any additional income tax due for 2021.

Mercans’ Lebanon Payroll Outsourcing Solutions

While Mercans’ Lebanon Payroll Outsourcing alerts will allow you to stay on top the latest development in Lebanon’s payroll regulations, you should still get in touch with Mercans’ Lebanon payroll outsourcing, compliance, PEO/GEO and BPO specialists for a free consultation on setting up fully compliant payroll and HR functions. Better yet, outsource your payroll and HR activities in Lebanon to Mercans and our Lebanon payroll outsourcing experts will ensure that your employees will always be paid on time and in accordance with the Lebanon regulations.

Mercans Recommend

View PDF

Lebanon Statutory Alert Tax Filling Deadline
Size

735.54 KB

Most viewed posts

View all posts

South Africa Announce Changes to its Income Tax Law

Starting this March, these changes include adjustments to the minimum wage, OID maximum earnings limit, subsistence allowances, and annual tax rebates and thresholds.

Mar 9, 2023 2 min read

The Power of Organizational Agility in Global Payroll: A Guide to S...

A Guide to SaaS Technology and Outsourcing Tradeoffs Steve Goldberg Global HCM & HR Tech Advisor The What, Why and How of Organizational Agility Let’s start with a practical definition of organizational agility and highlight a few surr

Feb 24, 2023 10 min read

The Basics of IR35: What it is, How it Works, and How it Affects Bu...

If you're a business owner or a worker in the UK, it's essential to know about IR35. Through this article, get a concise overview of IR35, including its definition, operation, and impact on both businesses and workers.

Feb 23, 2023 4 min read

The Perfect Global Payroll SaaS Suite for Modern Businesses –...

Discover the ins and outs of payroll systems, the distinction between payroll SaaS and outsourcing, and important factors to consider when purchasing payroll software.

Feb 9, 2023 11 min read

Mercans Adds Thought Leader Pete Tilakos to its Board

Pete is a renowned global payroll product strategy leader, HR industry analyst, advisor, and thought leader.

Feb 8, 2023 2 min read

Dubai Multi Commodities Centre (DMCC) Mandates Wages Protection Sys...

This will enable DMCC member companies to pay employees’ wages via banks, exchange houses, and financial institutions approved by the UAE Central Bank.

Feb 8, 2023 1 min read