according to articles /20-21-22/ from the investment law no/18/ year/2021/
A- Imports of machinery, equipment, production lines, and non-tourism service means of transport for projects that obtain an investment license are exempt from all customs, financial and non-tariff additions, provided they are used exclusively for the purposes of the project, and the investor must pay all these liabilities if they are used for other than the purposes of the project or assign them to others before the end of its specified useful life according to international accounting standards.
B- Imports of building materials, tools, equipment, machinery, non-tourist service transportation, and furniture that is necessary for the construction, equipping, furnishing and operation of tourist complexes, hotels and tourist accommodation facilities of international level first and second class, and restaurants, entertainment facilities and tourism services in which they are invested, with the exception of commercial shops, shall be exempt from all customs and financial fees and non-tariff additions, provided that the value of imports does not exceed:
1- 50% of the estimated investment costs for international and premium class establishments.
2- 30% of the estimated investment costs for first and second class establishments, provided that there is no equivalent in local production.
3- 30% of the estimated investment costs for the rehabilitation of damaged establishments by a decision of the Supreme Investment Council.
A- Agricultural and livestock production projects benefit from permanent tax exemption of 100% of income tax.
B – The projects which are established in the development zones and that are located within the sectors targeted for development, according to what the Council determines in the decision to create these zones, will benefit from a tax reduction of 75% of the income tax for a period of / 10 / years starting from the date of the commencement of operation.
C- Projects established outside the development and specialized areas benefit from tax incentives, starting from the date of the commencement of operation, as the following:
A tax reduction of 75% of income tax for a period of / 10 / years for: 1-
Industrial projects that export 50% or more of their production capacity.-
-Tourist complexes, hotels and tourist accommodation facilities of international, first and second class levels, restaurants and entertainment facilities which are invested within them, with the exception of shops.
2- A tax reduction of 50% of income tax for a period of / 10 / years for:
Industrial projects that use a local component percentage of not less than 50%.-
Industrial projects that produce an added value of not less than 40%.-
Projects with high technical content. –
Medical industrial projects, human and veterinary medicines.-
Renewable energy projects.-
Waste recycling projects using environmentally friendly technologies.-
Agricultural and animal industrialization projects. –
Industrial projects based on Patent investment.-
Facilities for sorting and packing agricultural products.-
D – The projects that are established in the specialized areas benefit from a tax reduction of 50% from the income tax for a period of / 10 / years, starting from the date of commencement of operation.
E – The projects mentioned in Paragraph / C / of this Article benefit from an additional tax deduction for a period of five years amounting to 5% for every 100 Syrian workers participating in the General Organization for Social Insurance, provided that the tax deduction does not exceed 15%.
F – Industrial projects that are used to establish the project, used or refurbished machinery, equipment and production lines that were previously placed for domestic consumption prior to the date of submitting the application for an investment license shall not benefit from the exemptions mentioned in this article.
G- Expenses that aim to achieve social responsibility are considered among the expenditures that can be deducted from taxable profits. These expenditures and the basis for their acceptance are determined by a decision of the Board based on the proposal of the Ministry of Finance, provided that these expenditures must not exceed 3% of the total profits in any case.
H- The tax exemptions mentioned in this law shall be applied to the project that obtained an investment license in accordance with the provisions of this law without other tax exemptions mentioned in other laws.
A- The projects which obtain an investment license and mentioned in Article / 21 / of this law benefit from “non-tax” incentives issued by a decision of the Council, with the aim of supporting a specific sector or a specific activity, in the following form:
1- Permission to import requirement for production requirements that have no equivalent in local production, as an exception from the provisions prohibiting and limiting importation and the country of origin.
2- Benefiting from the services of the Fund for Support and Development of Local Production and Exports, based on the proposal of the Ministry of Economy and Foreign Trade.
3-Benefiting from technical support programs for small and medium enterprises through the Small and Medium Enterprises Development Authority.
B- Contracts, instruments, documents and all issued papers pertaining to the projects mentioned in Paragraph / B / of Article / 3 / of this Law shall be exempted from stamp duty.