Regulatory Alerts2020-06-10 | 13235Central Bank of Lebanon Circular No. 562 – Common Reporting Standard
The Central Bank of Lebanon issued Circular No. 13235 to amend Fundamental Decision No. 12625 regarding the Automatic Exchange of Information for Tax Purposes (Standard Reporting Common). The amendment introduces an exception permitting financial institutions to submit 2019 information declarations to the Ministry of Finance by September 30, 2020, and subsequently forward them to relevant foreign authorities by December 31, 2020. This decision takes immediate effect upon issuance to ensure uninterrupted compliance with international tax reporting obligations.
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