Lebanon: Taxes and Costs
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Rental income tax is low in Lebanon
Income Tax
Rental income, provided that it is not a business income is taxed at a flat rate of 4%. Deductible expenses include depreciation costs (depreciation of the building is set at 2.5% per annum), expenses incurred by the lessor on behalf of the tenants (not exceeding 20% of the rental proceeds), and other management costs and charges for administering lease properties on behalf of the tenants (not exceeding 10% of the proceeds).
Built-Up Property Tax
An additional progressive tax called the built-up property tax is levied on net rental income in excess of LBP20,000,000 (US$12,994).
BUILT-UP PROPERTY TAX |
|
| TAXABLE INCOME, LBP (US$) | TAX RATE |
| 20 million – 40 million (US$25,988) | 2% |
| 40 million –60 million (US$38,982) | 4% |
| 60 million – 100 million (US$64,970) | 0.5% on band over US$415,239 |
| 900,000 - 1,189,999 (US$692,280) | 7% |
| 100 million – 180 million (US$116,947) | 10% |
| Over 180 million (US$116,947+) | 13% |
| Over 2,699,999 (US$2,077,251) | 3.5% on all value over US$2,077,251 |
Capital Gains Tax
Unless individual taxpayers are trading in real estate, capital gains on real estate are not subject to capital gains or profit tax.
Corporate Route
Capital gains on properties are taxed at 10%.
Lebanon - more data and information
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