Tax Alert: Law #199 extension of deadlines set by Law #185 till 30 June 2021

Please be informed that the Law #199 dated 29th December 2020 (attached a soft copy) published on the 31st December 2020 in the Official Gazette has further extended the suspension of the legal and tax obligations set by the Law #185 by 6 months till the 30th June 2021. This extension also covers the deadlines set in the Article 22 of the Budget Law 2020 that extended the deadlines of the articles 21, 22, 28, 29, 30 and 32 till 40 (tax and NSSF discounts in addition to the article 38 on the tax objection deadline), 49 (exceptional revaluation of fixed assets at the tax rate of 3%), 51, 58, 68 and 70  of the Budget Law 2019 for further 6 months (i.e. till the 30th June 2021). The Ministry of Finance should issue shortly an application decisions regarding the provisions of this Law.

We will update you with the MoF decisions related to this Law as soon as they are issued and we remain at your disposal should you need any further clarification or information on this subject.

Best regards,

DAHER & PARTNERS