VAT  DRAFT  LAW

Contents

Section 1:  Charge of the value added tax

Article 1: Charge of the value added tax

Section 2: Scope of the tax

Article 2: Taxable transactions

Article 3: Taxable persons

Article 4: Calculation of the turnover

Article 5: Persons and transactions outside the scope of the tax

Article 6: Supply of goods

Article 7: Goods considered as tangible property

Article 8: Self-supplies of goods

Article 9: Transfer of going concern

Article 10: Supply of services

Article 11: Self-supplies of services

Article 12: The intermediate

Article 13: Place of supply of goods

Article 14: Place of supply of services

Article 15: Import transactions

Section 3: Tax exemptions

Sub-section 1: Exemptions within the Lebanese territory

Article 16: Exempted activities

Article 17: Exempted goods

Sub-section 2: Exemption at import

Article 18: Exemption at import

Sub-section 3: Exemption of exports, like transactions, international transport and

some of the intermediates operations

Article 19: Exemption of exports and like transactions

Article 20: Exemption of international transport

Article 21: Exemption of some of the intermediates operations

Section 4: Due date of tax

Article 22: Due date of tax

Section 5: Taxable base

Article 23: Taxable base within the country

Article 24: Taxable base at import

Section 6: Tax rate

Article 25: Tax rate

Section 7: Tax period

Article 26: Tax period

Section 8: Deductions

Article 27: The right to deduct

Article 28: Input deductible tax

Article 29: Rules governing the right to deduct

Article 30: The excess of input deductible tax

Article 31: The right to deduct partially

Article 32: Adjustments of deductions

Section 9: Persons liable to tax and their obligations

Article 33: Persons liable to tax

Article 34: Scope of the obligations

Article 35: Registration and periodical returns

Article 36: Accounting obligations

Article 37: Retention of records, invoices and other accounting documents

Article 38: Issuance of tax invoices

Article 39: Payment of tax

Article 40: Non-residents obligations

Article 41: Obligations at import

Section 10: Travel agencies transactions

Article 42: Travel agencies transactions

Section 11: Control

Article 43: Rules governing the control

Article 44: Professional confidentiality

Article 45: Cases and rules governing the direct assessment of the tax

Section 12: Collection of tax

Article 46: Collection of tax within the Lebanese territory

Article 47: Collection of tax at import

Section 13: Offences and penalties

Article 48: Offences and penalties

Section 14: Restitution of tax

Article 49: Restitution of tax

Section 15: Objections and appeals

Article 50: Rules governing the objections and appeals within the Lebanese territory

Article 51: Rules governing the objections and appeals at import

Section 16: Prescription

Article 52: Prescription

Section 17: Miscellaneous provisions

Article 53: Stamp duties

Article 54: Perishable amounts

Article 55: Abrogation of indirect taxes

Article 56: VAT Administration

Article 57: Transitional provisions

Section 18: Executive provisions

Article 58: Special cases of restitution of tax

Article 59: Other special cases

Article 60: Details of application of the law

Article 61: Effectiveness of the law