Know if your startup is subject to Value Added Tax (VAT)
A company must file for VAT when it reaches a sales figure of LBP 100,000,000 in four consecutive quarters.
However, companies that import or export goods and services are required to file for VAT within 2 months of the import/export transaction.
Optional filing is allowed for companies having turnovers of LBP 50 million. The settlement of VAT is due quarterly on the 20th day of the month following the quarter’s due date.
In Lebanon, companies involved in education, medical services, nonprofit works are exempted from the VAT. Check the full list