Syria

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TAXES - ACCOUNTING

 

 

Corporate tax

Tax rate for resident companies

For residents, the rate is progressive according to the brackets of the net profit. The rate varies between 10% and 45%. Non-residents benefit from the same fiscal system.

   
   
   
Tax rate on branches Foreign branches are taxed for the corporate tax, as any residents companies in Syria.




Income tax

Fiscal year The fiscal year begins on January 1st and ends on December 31st of the same year.
   
Income tax rate The rate is progressive, it varies between 5 and 15%.
From 0 to 1000 úS5%
From 1001 to 2000 úS7,5%
From 2001 to 3000 úS10%
From 3001 to 4000 úS12,5%
Beyond 4000 úS15%
   



VAT rates

Standard rates VAT will be introduced by 2008. The system will be based on the EU model.
   



Other important taxes


Name of tax
Rate
Tax for the war effort, consumption tax and tax on luxuries  
6% to 33%  
Stamp duty  
1,25%  
Local tax  
of 4% to 10%  


 

Accounting


Professionals and representative organizations
The "Association of Syrian Certified Accountants".



Useful links

Last modified in 2006 - ongoing update
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