Tax aspects in IMF Country Report on the eighth review of the extended fund facility for Suriname. VAT performance has surpassed expectations, largely driven by stricter enforcement of tax compliance, including the imposition of penalties and interest on late filing and payment of outstanding taxes. Continuing efforts to strengthen the Tax Administration: hiring and training of additional staff with a view to improve tax collection, striving to achieve the targets for tax revenues, strengthening the Large Taxpayer Unit and conversion of the Tax Department into a Semi-Autonomous Revenue Authority (Suriname)
The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation and completed the eighth review under the Extended Fund Facility (EFF) arrangement for Suriname. The completion of the review allows for an immediate purchase equivalent to SDR 46.8 million (about USD 61 million) of which SDR 33.5 million (about USD 44 million) would be for budget support. This has been announced on 21 January 2025 ...