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EconomySyria News

The Syrian Ministry of Finance launches a tax reform committee with private sector participation for the first time.

June 6, 202576 ViewsRead Time: 2 minutes
The Syrian Ministry of Finance launches a tax reform committee with private sector participation for the first time.
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In a new step aimed at reforming the tax system in Syria, the Ministry of Finance issued a decision to form a comprehensive national committee for tax reform, including for the first time active participation of representatives from the private sector in formulating tax policies. The committee is chaired by the Minister of Finance, Mohammad Yasar Barnieh, with the Deputy Minister serving as Vice President. Its membership includes officials from the Ministries of Finance and Economy, in addition to the Director-General of the General Authority for Taxes and Fees, directors of tax policy and tax compliance, the dean of the Faculty of Economics at the University of Damascus, the president of the Association of Certified Accountants, independent experts, representatives from the Chambers of Commerce and Industry in Damascus and Aleppo, and the General Authority of Land and Sea Ports. The committee's task lies in reviewing and studying the current tax system and related legislation, proposing fundamental amendments in line with the vision of financial and economic reform, aiming to simplify procedures, broaden the taxpayer base, enhance transparency, and stimulate economic and investment activities. The decision also allows the committee to benefit from the expertise of regional and international financial institutions, and to seek assistance from local and international experts from sisterly and friendly countries to accomplish the required tasks. The decision sets a deadline for the committee to complete its work by no later than July 30, 2025. According to the decision, the Tax and Fees Authority is responsible for preparing meeting minutes, coordinating communication between the committee and relevant entities, and discussing proposed fee amendments with the relevant ministries. In a special statement, Minister of Finance Mohammad Yasar Barnieh clarified that the formation of the committee represents a practical translation of the principle of partnership with the private sector, ensuring comprehensive representation, including universities. He noted that the committee will work at a high pace and continuously coordinate with ministries and relevant entities to achieve a modern, fair, clear, and competitive tax system that serves the requirements of the upcoming phase. He added: "We aim to build a tax system that enhances voluntary compliance, supports economic growth, keeps pace with modern technological developments, and is closer to the requirements of citizens and investors simultaneously."
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