President Al-Assad issues decree for old and heritage markets in governorates of Aleppo, Homs and Deir Ezzor

President Bashar Al-Assad issued on Thursday Legislative Decree No. (13) of 2022, which affords a wide range of facilities and exemptions that provide a supportive environment for owners of economic activities inside the old city in the governorates of Aleppo, Homs and Deir Azzor, including the old and heritage markets.

These unprecedented facilities include establishments, workshops, and shops, in addition to residential homes located within the administrative boundaries of the old cities in the three governorates.

The decree exempted establishments, taxpayers and owners of economic activities from all taxes and financial and local fees that include restoration works, whether for establishments, shops or homes until the end of the year 2023. It also stipulates for the exemption from income tax on all financial dues received by workers in these establishments until the end of 2027.

These exemptions and facilities support the return of production, work, industry and commercial movement in the old and heritage markets, and grant financial privileges to those wanting to return and operate their shops to speed up their return in preparation for the return of economic life to the old cities.

Inas Abdulkareem