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Syria

Taxes

This article explains the tax laws in Syria, this article will educate you on the tax laws for a LLC which is the most common company type in Syria.

The country taxes income made internationally differently than if it were earned within the borders. The prevailing estimated rate for income remitted, from our research, and these things do change, is 0%. The country does not have known exemptions to transfer in offshore income made internationally. Taxes are quite low in Syria because the headline corp. tax rateis 28%. This ranks Syria as 128th overall with regards to corp. taxation rate internationally. . .

The value added tax (VAT) rate in SY is 0.00%, that ranks Syria as 128th when compared to VAT globally. In terms of other taxation, an employer will contribute 625.00% to the equivalent of a social security fund and an employee will contribute 7.00%. The overall complexity of the tax system is low. This is measured by average time to comply with a country's labor tax requirements is as it is 36hours. Contributing to this is the number of yearly labor tax payments, which is 1 in SY.

Thin capitalization standards aren't in effect. Thin capitalisation refers to any type of restrictions on given company with respect todebt-to-asset ratios. Dividends are distributions of a company's earnings, established by the board of directors, to shareholders.Dividends can be one of the following cash payments, shares of stock, or other property. The capital gains taxation rate in SYis 0%. A capital gains tax is levied on the profits that a corporation or natural person realizes when they sell sells a capital asset for a price that is higher than the purchase price.

The interest witholding rate is estimated at 0This should be interpreted usually that the tax authorities expects legal entities to pay tax on at least 0 of payments abroad for interest payments. The dividends witholding rate is 0%/15%This means that the relevant tax authorities expects to automatically withhold 0%/15% of payments abroad for dividend payments.
There is no known tax on wealth in Syria. There are inheritance taxes in Syria placed on an estate. There are no well know R&D intitiatives that provide tax incentives in this country.

The above is not tax or legal advice for your individual situation. We can to help you find to a tax advisorin Syria who can properly advise you. Want to work together? Click incorporate now if you are in a hurry, or press the free consultation button above.

Country details

Syria
SYP
Damascus
Asia
Arabic (Syria), Kurdish, hy, arc, French (Standard), English
22,198,110

Tax treaties

Country Type Date Signed
India DTC  2008-11-10
France DTC  1998-07-17
Malaysia DTC  2007-02-26
Italy DTC  2000-11-23
Indonesia DTC  1997-06-27
Cyprus DTC  1992-03-15
Ukraine DTC  2003-06-05
Qatar DTC  2003-10-23
Germany DTC  2010-02-17
Slovakia DTC  2009-02-18
Saudi Arabia DTC  2009-09-07
United Arab Emirates DTC  2000-01-26
Poland DTC  2001-08-15
Austria DTC  2009-03-03
Russian Federation DTC  2000-09-17
China DTC  2010-10-31
Lebanon DTC  1997-01-12
Czech Republic DTC  2008-05-17
Pakistan DTC  2001-03-16
Malta DTC  1999-02-22
Morocco DTC  2005-06-19
Tunisia DTC  1998-06-22
Turkey DTC  2004-01-06

Tax treaties Map

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