Question

Salim is self-employed who owns his men barbershop "AMIGO" Hel

celebrated the opening ceremony of "AMIGO" in 15/09/2022. He
received his first rent invoice in 1 5/10/2022 for a monthly rent of
5,000,000 LBP. And he also received his first electricity bill in
20/10/2022 totaling 2,500,000 LBP. Salim is married to Rima who is not working, and they have six children who are all under 15 years old. During 2022, Salim accumulated a total revenue of 900,000,000 LBP country Lebabon
Calculate the total family abatements/deductions that Salim can
benefit from according to his family status under ITL-Title l.

Answer 1

The question requires specific numbers from the Lebanese tax code to calculate the total family abatements/deductions. Without these figures, we cannot provide a precise answer. Consult the current ITL-Title I for accurate calculations.

Step-by-step explanation:

To calculate the total family abatements/deductions that Salim can benefit from according to his family status under ITL-Title I, we need to look at the tax code specifics for Lebanon. These typically include personal allowances for the taxpayer, a spouse, and dependents. However, the exact figures for these deductions are not provided in the question, and it is important to note that tax codes are subject to change and can vary greatly depending on current laws.

Generally, deductions would include a personal allowance for Salim, an additional deduction for his non-working spouse Rima, and deductions for each of the six dependent children. Assuming Lebanon's tax code includes such allowances, multiplying the number of eligible family members by the respective deduction per person would provide us with the total family deductions. Without specific figures from the Lebanese tax code, however, a precise calculation cannot be provided.

Please consult the current Lebanese Income Tax Law (ITL-Title I) for the exact deduction figures and ensure that any tax advice is based on the most recent tax legislation.