Syria’s Bashar Assad cuts tax for low-income workers

Syria’s Bashar Assad cuts tax for low-income workers

Syria's Bashar Assad cuts tax for low-income workers

Syria's Bashar Assad cuts tax for low-income workers

Above, president Bashar Al-Assad tours the village of Mashtal Helo in the Syrian Mediterranean port of Tartus. (AFP file photo)

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Syria's Bashar Assad cuts tax for low-income workers

It also amends other tax tranches to 'reduce the tax burden on those with limited income'

Updated 21 October 2020

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BEIRUT: Syria's President Bashar Assad moved on Wednesday to exempt more low-wage earners from income tax, his office said, as the economy buckles under the weight of US sanctions and nearly a decade of war.

The legislative decree, the first such amendment in years, widens the tranche of low-income workers exempt from tax to cover those earning $40 (50,000 Syrian pounds) or less per month, up from $12 (15,000 Syrian pounds).