Content Group 5 of Syrian Arab Republic

Type of Tax

Tax Rate and Base

Corporate Income Tax

- Specific rates: 22% on joint stock and limited liabilty companies; 14% for joint stock enterprises which issue more than 50% of their shares to the public; 15% for insurance companies which issue at least 51% of their shares to the public; 25% to banks and insurance companies

- Companies falling outside these categories are taxed at a progressive rate ranging between 10% and 28%

Dividends

- 7.5% on dividends issued by a non-resident entity

- Dividends issued by Syria-based entities are not taxed on distribution to another company

Capital Gains Tax

- Capital gains are treated as taxable income and taxed at the standard corporate tax rate

- Gains on real property are subject to a tax rate ranging from 15-30% of the property's registered value

Consumption Tax

- Syria has no value added tax, instead certain services and imported luxury goods attract a consumption tax, in a range of 1.5-40%

Surtax

- A local administration tax of 4-10%, depending on the region

- A temporary reconstruction fee of 5% is imposed on all direct and indirect taxes except payroll tax

Stamp Duty

- Ranges between 0.3% and 0.7%; imposed on transactions such as the formation of corporations and the execution of documents

Property Tax

- Ranges from 14% to 60%, depending on the type of property