Ghanem Law Firm: Taxation
Taxation is the determination of tax on a person or business subject to the tax laws of different countries or the international aspects of an individual country's tax laws. Taxation refers to the act of a taxing authority actually levying tax. Taxation as a term applies to all types of taxes, from income to gift to estate taxes. It is usually referred to as an act; any revenue collected is usually called "taxes."
Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extra territorial income such as: personal earnings (salaries, overtimes, bonus, etc…), earnings generated from partnership agreement, profits from joint stock company and limited liability company, income generated from stocks, bonds, shares, paper issued, earnings of non-residents (tax charged on non-residents working in Lebanon).
Also there are different types of taxation such as: built property tax, municipal tax, value added tax & stamp duty.
Countries that tax income generally use one of two systems: territorial or residential. In the territorial system, only local income – income from a source inside the country – is taxed. In the residential system, residents of the country are taxed on their worldwide (local and foreign) income, while nonresidents are taxed only on their local income.
Ghanem Law firm offers a tax planning to clients for their various businesses, assets and investments.
GLF advises clients in the best appropriate way in terms of tax mitigation and avoidance and to reduce the tax burden in the most efficient ways.
Our lawyers’ experience and deep knowledge enables us to have a full control and command of the tax laws in many jurisdictions.
we work with a number of regional and national clients to draft business succession plans that help avoid estate and gift taxes. To do this, our attorneys draw on an in-depth understanding of how estate planning law affects your business. This understanding is derived from diverse experience including advanced degrees in business administration.
We establish various tax-efficient structures which can benefit of a favorable tax regime such as certain specific Lebanese companies or entities which benefit as well from beneficial international tax conventions with Lebanon and which, as well, may benefit from Lebanon full banking secrecy and privacy.
Our tax department provides as well services such as nominee shareholders / directors, domiciliation and registered address, company legal secretarial services and insure to link our client with Lebanese or international institutions such as banks and other appropriate business partners and personnel.

GLF Tax Law team advises on various international and local taxation issues especially on FATCA which makes our lawyers able to provide the appropriate tax solutions for both individual and business needs.