Syria has abolished two key taxes in order to boost non-oil exports, reported the Gulf Daily News. President Bashar Al Assad issued a decree removing one tax on agricultural production and another tax on revenues received from exports, a presidential spokesman said.
Oil, which accounts for about three quarters of the country’s exports, was excluded, as were phosphate products. Cotton, wheat, citrus fruits and apples are among Syria’s main agricultural exports
Syria has exempted all locally produced merchandize, including industrial, agricultural and mining goods, from any agricultural output and income tax.
At the same time, the Syrian government imposed new taxes on all imported materials, excluding industrial raw materials, reported the London-based Al-Hayat daily. The decree imposes a 1.5 percent levy on imported industrial raw materials, and ten percent on imported carbonated drinks. ― (MENA Report)
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