Tax
Schedular income tax, no VAT, and a base severely eroded
Income tax is schedular under Legislative Decree No. 24 of 2003, with progressive business profit rates. Syria has no VAT; consumption is taxed through specific duties.
Key rules
- Jurisdiction — National, administered by the Ministry of Finance.
Governing law
- Income Tax Law, Legislative Decree No. 24 of 2003, as amended
- Legislative Decree No. 61 of 2004 on consumption tax
In practice
The schedular structure taxes categories of income separately, with business profits on a progressive scale up to 28 per cent and a separate local administration surcharge. The absence of VAT distinguishes Syria from most neighbours; consumption taxes apply to listed goods instead. Revenue collapsed after 2011 with the loss of oil production and formal economic activity, and inflation has rendered fixed statutory thresholds nearly meaningless without repeated adjustment. Tax administration in the transitional period is being reorganised, so current rates and thresholds need checking against recent budget legislation.