Category: Journal Entries

Property There is mounting frustration over high rents in Syria and the lack of legal remedies due to the liberal nature of the Landlord and Tenant Law, which does not cap prices. There is...

Property According to a judicial source, cases of real estate fraud in Damascus have declined by 80%. The fraudsters were targeting properties in the upscale Damascus district of Malki where many homes are owned...

Investments The Damascus Chamber of Industry requested permission to import used machinery in accordance with the Investment Laws. Companies The Damascus Chamber of Industry requested a further two-year extension for companies to fully comply...

Construction Contractors continue to suffer from a number of problems including the lack of invoice payments and inflation with respect to the prices of construction materials. Where there are joint contractors and one has...

Taxation The Council of Ministers approved the new Real Estate Sales Tax Bill to tax real property sellers on actual market prices rather than outdated property valuations. The sales tax is expected to be...

Property The Council of Ministers approved a bill on missing and damaged real estate documents, which will be deemed legally valid in order to preserve citizens’ rights to their properties. Syrian investors plan to...

Commerce According to the Damascus Chamber of Commerce, the value of trade disputes before the Commercial Court is worth hundreds of millions of Syrian Pounds and could potentially reach SYP 1 billion. The Commercial...

Property The Minister of Justice reiterated to Syrian MPs that any sales or purchases of immovable properties in conflict areas are null and void. The Supreme Investment Council approved the incorporation of a real...

International Trade Syria and Iran signed six contracts for cooperation in the fields of agriculture, animal resources, industry, oil and telecommunications for the purposes of a mobile network operator. The sixth contract relates to...