ALDIC

Tax Alert: M*F decision #522 dated 22 May 2026 Extension of FY 2025 CIT filling for corporations till 8 June 2026

M*F Notification #1281/1 Extending the Obligation to update information on UBO till 29 May 2026
Tax Alert: NSSF Memo #831 on application of Decree #2923 increasing NSSF ceiling and family allowances starting from 1st May 2026
Thank you Daher & Partners for the information

We remind you of the obligation, reminded in the below M*F notifications, to update the Ultimate Beneficial Owner (UBO) of your company up-to 31 March 2026, before the deadline of 30 April 2026. This update covers any change in the capital of the company (transfer of shares) or in the situation of the UBO. We highly recommend you to update the M18 tax form online on your electronic M*F account and amend the information related to the UBO within one month from any modification in these information to avoid the newly increased penalties set in the Budget Law 2026 that can reach up to LBP 750 million (US$ 8,480) for joint-stock companies (SAL) and LBP 500 million (US$ 5,590) for partnerships, limited liability companies (SARL) and tax-exempt entities according to the article 18 of the Budget Law 2026.