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In this page: Accounting Rules | Tax Rates | Intellectual Property | Legal Framework | Standards | Business Practices


Accounting Rules

Tax Year
The fiscal year begins on January 1st and ends on December 31 of the same year.
Accounting Standards
Syria is a member of the IASB (International Accounting Standards Board).
Accounting Regulation Bodies
The Syrian Ministry of Economy provides information on the Syrian Certified Accountants Association.
Accounting Reports
The accounting structure comprises of audit report, Profit and Loss, balance sheet, income statement and cash flow statement.
For additional information you can consult the EStandards Forum website.
Publication Requirements
Financial statement must be filled annually.
Professional Accountancy Bodies
SYRECON , Syrian Certified Accountants Association.
Certification and Auditing
According to the law No. 20 of 1991 and the income tax law No. 24 of 2003, all the persons that are subject to pay taxes on their net earnings are required to proceed to a revision of their accounts and to obtain a certification of their fiscal declaration by a legal accountant.
You can contact an external auditor: Deloitte, Damascus; KPMG Mejjani, Damascus.
Accounting News
Syrian Arab news agency
Syria report
Information portal on Syria

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Tax Rates

Consumption Taxes

Nature of the Tax
None as such but should be introduced soon.
Tax Rate
Not as such. Should be introduced soon at a rate of 10%.
Reduced Tax Rate
Basic food items are exempt from VAT.
Other Consumption Taxes
There is a tax on luxury products which varies between 1,5 et 40%.

Learn more about Service Providers in Syria on, the Directory for International Trade Service Providers.

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Corporate Taxes

Company Tax
Progressive rate between 10 and 28% on net profits.
Tax Rate For Foreign Companies
Residents and non-residents companies are charged similarly.
Capital Gains Taxation
Companies' capital gains are included in their taxable income and are taxed at the normal rate between 10 and 28%.
Main Allowable Deductions and Tax Credits
Special rates are applied for joint stock companies (22%), insurance companies (15%), companies whose capital is mostly public and for private banks (14%).
Other Corporate Taxes
Social security (overall of 17,1%), stamp duty (0,4 to 0,7%), real property tax (from 14 to 60%).
Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.

Country Comparison For Corporate Taxation

  Syria Middle East & North Africa United States Germany
Number of Payments of Taxes per Year 19.0 19.0 11.0 9.0
Time Taken For Administrative Formalities (Hours) 336.0 184.0 175.0 207.0
Total Share of Taxes (% of Profit) 32.3 32.3 46.7 46.8

Source: Doing Business - Last Available Data.

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Individual Taxes

Tax Rate

Individual income tax Progressive tax rate from 0% to 22%
From SYP 0 to 6,110 0%
From SYP 6,110 to 144,000 5%
From SYP 144,001 to 192,000 7%
From SYP 190,001 to 240,000 9%
From SYP 240,001 to 288,000 11%
From SYP 288,001 to 360,000 12%
From SYP 360,001 to 600,000 16%
From SYP  600,001 to  900,000 19%
More than SYP 900,001 22%
Allowable Deductions and Tax Credits
Syria has established the decree 33/2009 in May 2009 in order to limit the income tax rate to a maximum of 22%.
Special Expatriate Tax Regime
Non-residents are subject to the same tax regime as residents. There are bilateral non-double taxation agreements between Syria and different countries.

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Double Taxation Treaties

Countries With Whom a Double Taxation Treaty Have Been Signed
See the list of the conventions signed
Withholding Taxes
Dividends: 0%; Interest: 7.5%; Royalties: 5%

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Sources of Fiscal Information

Tax Authorities
Syrian Ministry of Finance
Other Domestic Resources
IPR Country Guide on Syria

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Learn more about Taxes and Accounting in Syria on, the Directory for International Trade Service Providers.

Intellectual Property

National Organizations
Syria's legal system recognizes and facilitates the transfer of property rights, including the rights of intellectual property (law approved in February 2001 and it includes computer programs, books, films, and other creative works). Syria is one of the member countries of the Paris Convention, of the World Intellectual Property Organization since May 2004 and has established the Syrian Association for the intellectual property in 2005. A previous registration of intellectual property rights is required in order to follow up any infringement. Patents are valid for a 15 year period (renewable) under the condition that the invention must be used for two years.
As far as copyright is concerned, most of the books published in Syria are written in the Arabic language and are written by Syrian authors. There is a legal vacuum in this field and the country's authorities seldom punish possible counterfeiting. There are counterfeiters who record CDs, videos, etc. Video cassettes are 100% copied but there are few repercussions on the economy as such. However, it is advised that the persons victimized by this kind of phenomenon should avoid legal pursuit of the authors of fraud, since the cost of legal action is often higher than the possible compensation delivered in a legal suit. As for trademarks, they are registered for a period of 10 years and the first applicant is the proprietor of the trademark. A new law was established in March 2007 in order to regulate registered trademarks, industrial models and logos.
International Membership
Member of the WIPO (World Intellectual Property Organization)
Signatory to the Paris Convention For the Protection of Intellectual Property

National Regulation and International Agreements

Type of property and law Validity International Agreements Signed
Law n°47 of 1946, amended by legislative decree n°28 of 1980.
15 years (renewable). Patent Cooperation Treaty (PCT)
Legislative decree n°28 of 1980.
10 years. Protocol Relating to the Madrid Agreement Concerning the International Registration of Marks
The Implementing Regulation of Trademarks,
Geographical Indications and Industrial Drawings and Designs Protection Law
Berne convention For the Protection of Literary and Artistic Works
WIPO Copyright Treaty
Industrial Models
Law /8/ 2007 on Trademarks, Geographical Signs and Industrial Drawings & Models
5 years.  

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Legal Framework

Independence of Justice
The judiciary is controlled by the ruling party. 
Equal Treatment of Nationals and Foreigners
Foreign nationals cannot expect an impartial trial from the country’s judicial system.
The Language of Justice
Arabic is the judicial language used in the country and the laws are only drawn up in Classic Arabic.
Recourse to an Interpreter
Having an interpreter is possible.
Sources of the Law and Legal Similarities
The main source of law in Syria is the constitution of 1973. The country’s legal system is based on a combination of the French and the Ottoman civil laws. Religious law is used for all that concerns family rights. Syria has not accepted the mandatory ICJ jurisdiction.
Checking National Laws Online

Learn more about Lawyers and Legal in Syria on, the Directory for International Trade Service Providers.

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National Standards Organizations
SASMO, Syrian Arab Standards and Metrology Organization
Integration in the International Standards Network
Syria is a member of the International Organization for Standardization (ISO), of the International Organization of Legal Metrology (OIML), of the International Electrotechnical Commission (IEC), of the Food and Agriculture Organization of the United Nations (FAO) and of the CODEX Alimentarius Commission.
Classification of Standards
There is an organization which is in charge of drawing up standards (450 of them). Current standards are close to French standards and to those of the United Nations Organization. The ISO 9000 standards correspond to Syrian standards: 1147, 1148, 1149, 1150, 1151 and to a large number of instructions in relation to quality.
Online Consultation of Standards
Syrian Standards on line.
Certification Organizations
SASMO Syrian Arab Standards and Metrology Organization

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Business Practices

General Information
Infoexport, Foreign Affairs and International Trade Canada
Opening Hours and Days
Government: 8 am to 3 pm.

Private sector: 9 am to 2 pm and 6 pm to 9 pm. During Ramadan opening hours for the private sector are from 9 am to 3 pm.

Friday and Saturday are the official closing days.


Public Holidays

New Year's Day January 1st
Prophet's Birthday February - March
Good Friday  March - April
Easter Monday March - April
Labor day May 1st
Revolution of May 8th  May 8
Independence's Day May
Army Day June
Islamic New Year Variable
Christmas Day December 25
Aïd el Adha Variable
Al Maulid anabaoui Variable

Periods When Companies Usually Close

During the lunar month of Ramadan, office opening hours are: 9 am to 2 pm. Many restaurants are closed during the day. Variable

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Last Updates: January 2015