Tax Alert - MoF decisions on Changing the legal form of the entity & New tax forms for movable capital incomeOctober 10, 2018
Tax Alert - MoF decisions on Changing the legal form of the entity & New tax forms for movable capital income
Please be informed that the Ministry of Finance (MoF) has recently issued two important decisions (scanned copies attached) that were published in the Official Gazette:
1) 1-MoF decision #1432/1 dated 17th September 2018 on the new tax forms for the movable capital income (Dividends, interest, etc…) especially for the proceeds of foreign investments.
2) 2-MoF decision #1479/1 dated 1st October 2018 on the application of the article 41 of the Law #66 (Budget Law 2017) related to changing the legal form of the entity (e.g. from SARL to SAL). This MoF decision clarifies the practical application of a change in the legal form of a company such as increasing its capital to reach the minimum legal amount of LBP 30 million for a SAL.
We remain at your disposal should you need any further clarification or information on these MoF decisions.
Daher and Partners