Exceptional Provisions on Forming Reserves to Cover Losses from Debts Arising before 1-1-1977, and Special Provisions on Debt Reserves Formed by Banks

Type

Decree-Law

Number

83

Date of the text

27/06/1977

Official Gazette

published in 1977

Status today

In force, amended as of 27/08/2026

Articles

4

What it provides

This decree allows banks and taxpayers keeping actual-profit accounts to set up provisions against losses on debts incurred before 1 January 1977, and sets their conditions, maximum limits and treatment of unused balances. It also amends the tax law of 1959 so that banks may provision doubtful debts.

What has changed this text

• Amended by Law No. 14/1981 of 15/07/1981, articles 1

The full text

This act was published in the Lebanese Official Gazette in 1977. Its full text and the original scan are in the Gherbal National Gazette archive.