Individual - Significant developments

Last reviewed - 29 December 2022

The Ministry of Finance (MoF) issued the new Budget Law No. 10, dated 15 November 2022, published in the Official Gazette No. 49 , which introduced several amendments to the taxes and exemptions applicable in Lebanon.

As per Decree no. 8740, dated 28 January 2022, published in the official gazette on 3 February 2022, the employees’ transportation allowance will be amended and increased from 24,000 Lebanese pounds (LBP) for each working day to LBP 65,000 for each working day. The Decree is effective from 3 February 2022.

In addition, the Ministry of Labor (MoL) issued Decree no. 9415, dated 16 June 2022, related to the adjustment of the monthly ceiling of the ’sickness and maternity‘ scheme for the purpose of calculating the National Social Security Fund (NSSF) contribution. The decree is applicable starting 1 July 2022.

The major tax amendments and exemptions are incorporated in the appropriate summary sections.