Middle East Economic Survey

VOL. LIV

No 11

14-Mar-2011

syria

Syria Is Not Ready For VAT Introduction

The Syrian Ministry of Finance is not in a hurry to apply the value added tax (VAT) in Syria until the suitable conditions in the economy and Syrian society prevail to ensure the successful application of the tax, Syrian Minister of Finance Muhammad al-Husain was quoted as saying on the ministrys website. Dr Husain agreed that the implementation of VAT would add revenue to government finances...