of Foreign Firms
foreign firms are taxed as has been outlined above. Non-resident
firms are charged a withholding tax. Foreign firms are considered
resident if they have concluded more than one supply or service
contract in the course of one year, of if they have concluded a
contract which has taken one year or more to execute. Income tax is
also chargeable if foreign firms.
Maintain a local branch office
Have registered with the Ministry of Economy and Foreign Trade
Are party to a civil works contract
Have assigned part of their activities under a sub-contract to
Carry out their business at the office of another company
certain administrative steps such as the hiring of employees, rental
of premises and registration of a PO Box.
tax also applies to the royalty income of foreign trade-mark holders
form production under license in Syria.
A non-resident income tax levied at 17% off 75% of the contract value
or profits realized
Local administrative tax (5-10%)
War Effort Tax surcharge at 30% of the income tax
the purpose of tax assessments, the value of the income in foreign
currency is converted into Syrian products at the NCR rate.