Syrian Finance Ministry denies sovereign fund figures and tax claims

The Syrian Ministry of Finance denied circulated figures on its sovereign fund assets and said a disputed decision concerns local licensing fees, not new taxes.

• The ministry said Finance Minister Mohammad Yusr Barnieh never announced figures on the value of the sovereign fund's assets.
• It said Decision No. 57 of September 27, 2026, issued by Azaz City Council, covers annual licensing fees, not new taxes.
• The ministry announced a new tax system to take effect in early 2027 with what it called rates among the lowest in the region.