Middle East Economic Survey


No 11



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...