Beirut: The Ministry of Finance on Friday issued a statement informing taxpayers assessed on a presumed-profit basis that their tax status will be converted to a lump-sum profit basis effective 1 January 2026. Affected taxpayers will be required to register electronically, keep accounting records, issue invoices, and file annual declarations before 1 February of the following year, in addition to settling applicable stamp duties and monthly declarations.

According to National News Agency – Lebanon, taxpayers unable to keep records or issue invoices, and whose annual turnover does not exceed LBP 5 billion, may apply to revert to the presumed-profit system by 31 March 2026.

The ministry said the move aims to ensure tax fairness amid significant changes in taxpayers’ economic conditions.