NNA - The Ministry of Finance 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.

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.