Damascus News Platform – News
The Minister of Finance has issued a decision introducing amendments to Resolution No. 637, issued on 29 April 2026, concerning the collection of tax advances. The move comes as part of efforts to support economic activity, ease burdens on productive sectors, and enhance the business environment.
The amendments include reducing the tax advance imposed on importers of industrial production inputs to 1%, as well as lowering the rate to the same percentage for importers of essential food commodities, contributing to the support of production processes and greater market stability.
The decision also stipulates the abolition of the tax advance previously imposed on importers of key agricultural inputs, in a step aimed at supporting agricultural production and strengthening food security.
In addition, the amendments provide for the collection of tax advances based on the customs tariff classification of imported goods rather than the status of the importer. This measure is intended to curb the phenomenon of fictitious entities and enhance fairness and transparency in tax procedures.
The decision further exempts imports made by entities already exempt from income tax from the tax advance collection mechanism, in line with the legal framework governing tax exemptions.
The Ministry of Finance affirmed that these measures form part of its ongoing efforts to stimulate domestic production, support the business sector, and strengthen economic activity in a way that positively impacts various productive and service sectors.
