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FINANCIAL NEWS
Syria to slash taxes to deal with high food prices
18 Feb 2011
(MENAFN) The Syrian Government said that it plans on slashing taxes on basic foodstuffs and imports in an attempt to compensate increasing food prices and assist low-income earners, reported The Saudi Gazette.
The government had previously cut the tax on cooking oil by 53.3 percent. It also decreased the tax on animal fats by 20 percent and on sugar by 25 percent. Import taxes dropped from 2 to 1 percent as well.
The national social aid fund of Syria began giving out USD250 million of financial aid to 40,000 poor families as 14 percent of Syria’s 22 million population live in severe poverty.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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