Country Manuals Tax – CM Tax
We would like to inform you that BRP TAX has updated its Country Manual Tax for the following jurisdiction:
LEBANON (TIM)
The manuals have been aligned to take into account the evolving tax regulatory legislation relating to private banking clients holding bank accounts abroad:
Tax Investment Manual (TIM)
– The chapter of Basic Principles of the Taxation in Lebanon is further developed with regard to the following sections:
• Financial Income (updates regarding the taxation of foreign financial income according to the current situation in Lebanon and the Ministry of Finance’s latest interpretation of the relevant laws and texts).
• Filing and deadline (updates due to the confinement measures due to the pandemic of Covid-19, and based on several legislations issued during 2020).
• Additional obligations for taxpayers with assets outside Lebanon (updates due to the confinement measures due to the pandemic of Covid-19, and based on several legislations issued during 2020).
• Inheritance and gift tax (updates related to new procedures for determining the estimated value of inheritance assets located abroad).
• Anti-avoidances rules (news subsections related to GAAR / Trusts).
• Specific subsection related to up-stream withholding tax procedure has been added.
• New subsection related to a Financial Transaction Tax has also been added.
– The chapter of Tax suitability for the direct line management of financial instruments has been simplified and/or updated with regard to the following sections:
• Fiduciary deposits, Interest payments.
• Derivatives Instruments.
• Investment funds.
• Crypto assets.
If these Tax Manuals are part of your subscription, you should now be able to access this new version on our Platform: https://mybrponline.com/ once you have logged in under the following search:
| Subscribed Tax Manual | Product | Document |
| Tax Country Manual Tax Investment Manual Tax Private Equity Manual Tax Tax Memorandum Tax Brief Behaviour Template Behaviour Template Short | Country Manual Tax Country Manual Investment Tax Country Manual Investment Tax Country Manual Tax Country Manual Investment Tax Country Manual Investment Tax | CM Tax RT CM InvTax RT CM InvTax PE CM InvTax Memo CM Tax RS CM InvTax BT CM InvTax BT Short |
Please do not hesitate to contact us (info@brptax.com), should you require any further information.
Best regards,
Your BRP Tax Team
Geneva, 20th May 2021