Tag: Turnover Tax

VAT Act published ahead of January 2023 implementation The Suriname 2022 VAT Act has now been gazetted for the introduction of VAT from 1 January 2023.  This replaces the existing Turnover Tax except for the small company scheme. The sets a threshold of SRD 1

VAT launch rate likely to be lowered to 10% from 15% on inflation fears The South American state of Suriname’s National Assembly is now reviewing a Bill to introduce VAT on 1 January 2023 at 10%. The plans were last scheduled for June 2022 at 12%,

12% Sales Tax being replaced with 15% Value Added Tax on 1 January 2023 The South American state of Suriname’s National Assembly is now reviewing a Bill to introduce VAT on 1 January 2023. This is a six-month delay on the current plans for 12% VAT

12% Sales Tax being replaced with Value Added Tax on 1 July 2022 The South American state of Suriname’s Government Council passed the VAT Bill 2022 on 8 April 2022.  This follows Parliament giving the go ahead for the implementation of a Value Added Tax regime