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2026-10-11T15:27:32.000Z

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Syria Denies Sovereign Fund Figures

The article addressed the Syrian Ministry of Finance's denial of the authenticity of the circulated figures regarding the value of the sovereign fund's assets, confirming that the numbers being circulated through media outlets and social media are unofficial and have not been issued by the ministry. It was also emphasized that the actual value of the fund’s assets has not been disclosed. In a different context, the ministry denied imposing new taxes and clarified that the fees being circulated relate to local administrative charges and are not related to central tax policies. The ministry is preparing to implement a new tax system starting in 2027, aimed at stimulating the economy and providing facilitation and incentives for the business sector. This system is built on principles of simplicity and justice, with low tax rates—among the lowest in the region—in order to enhance compliance, combat corruption, and improve the business environment.

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