Damascus-Sana
Today, the People's Assembly held its twenty-eighth closing session of the second regular session of the third legislative session headed by Hammouda Sabbagh, Speaker of the Assembly, in which the new draft law on real estate sales tax was approved and became law.
In his speech at the conclusion of the work of the second regular session, Sabbagh affirmed that the council continued during this session its work by discussing and approving draft laws and issues of concern to the homeland and the citizen, stressing the importance of providing maximum potentials and energies to achieve the aspirations and aspirations of the Syrian Arab people who have endured and suffered greatly during their confrontation with the terrorist and economic war that is being waged Against him for more than ten years.
The President of the Council saluted the souls of the righteous martyrs and the heroes of the Syrian Arab Army who wrote the most magnificent epics of heroism and redemption in confronting the unjust terrorist war on Syria, wishing a speedy recovery for the wounded, and affirming that the Council would continue to work hard and actively contribute to the march of protecting the homeland and rebuilding a renewed Syria behind the leadership of President Bashar Al-Assad. .
As for the draft real estate sales law, according to its articles, a sub-committee formed by the Minister of Finance in the centers of governorates, cities, regions, and services departments "proposes price segments and the average value of one square meter of real estate units for each segment according to the criteria specified for that and uploads them to the electronic maps designed for this purpose within the scope of Her work and she may seek the assistance of whom she deems appropriate to carry out her duties.
Based on the project materials, the tax amount is determined on real estate sales at a rate of 1 percent of the popular value of residential real estate, 2 percent of lands located within the approved organizational plan, 1 percent of lands outside the approved organizational plan, 3 percent of sales of non-residential real estate, and 1 percent of roofs in residential real estate.
The sales tax rates on real estate devolved as a gift according to the project are determined at a rate of 15 percent of the rates stipulated in the previous paragraph if they are for assets, branches and spouses, while the rest of the endowment transactions are treated as real estate sales, with the exception of the obligatory will that deals with the transaction of the gift in accordance with the provisions of this law.
The taxpayer and the financial departments on the basis of the project have the right to object to the tax within 30 days following the date of the arrest warrant being notified, provided that he pays the amount of the tax and adds it and its complement in full before registering the objection with the financial department and pays it a security amount of 1 percent of the imposed tax, and the amount of the insurance shall be returned to the taxpayer if he is right in The objection request or part of it becomes a revenue for the treasury if it is not right therein.
The articles of the project prohibit the real estate registry departments, notaries, and every authority authorized to register real real estate rights to document or register any real real estate right unless the concerned parties present the clearance from the relevant financial departments and any documentation or registration made otherwise is considered null, while the courts are prohibited from issuing judgments. Concerning the confirmation of real estate sales or the right of lease, except after submitting a document from the financial departments notifying the payment of an amount equivalent to the tax due on the subject of the dispute in the case.
The articles indicate that non-residential real estate leased to Syrians and others is subject to an income tax at the rate of 10 percent of the annual rental allowance contained in the lease contract, provided that the income tax is not less than 6 per ten thousand of the popular value of the leased property, and that residential properties rented to Syrians and others are subject to an income tax of 5 percent of the allowance The annual rent is not less than 3 per ten thousand of the popular value of the leased property.
For his part, Minister of Finance Dr. Kinan Yaghi emphasized that the draft law on real estate sales strengthens the state's role in improving the standard of living of citizens by addressing tax evasion in the field of selling, buying and renting real estate, which leads to the loss of benefit and revenues on the state's public treasury, indicating that the old law depends on the values of Real estate finance has been in the financial department since before the 1990s, and this is far from the popular rationale for real estate today.
Minister Yaghi pointed out that according to the draft law, there have been central, chairperson and sub-committees to determine the popular value of one square meter of the property, stressing that according to the project, the real estate sales tax has become closer to justice by adopting the prevailing value when calculating the tax on real estate sales and reducing what is possible Intervention of the human factor by relying on the geographic information system.
The closing session of the second regular session, which was attended by Minister of State for People's Assembly Affairs, Eng. Maloul Al-Hussein, concluded with the national anthem of the Syrian Arab Republic.
Wasim Al-Adawi and Firas Safi