Tax aspects in IMF Country Report on Suriname. VAT will be amended converting all zero-rated products (except exports and ancillary supplies to exports) to exempt products and imposing the standard 10 percent VAT rate on sales covering at least 60 percent of household consumption (Suriname)
Earlier this month, the Executive Board of the International Monetary Fund (IMF) concluded the Second Review of the extended arrangement under the Extended Fund Facility (EFF) for Suriname. See this article in CFN’s edition of June 16, 2023. The completion of the review allows the authorities to draw the equivalent of SDR 39.4 million (about US$53 million), bringing total disbursement to SDR 118.2 (about US$159 million). In completing the review, ...
Tax aspects in IMF Country Report regarding Suriname’s Request for an Extended Arrangement under the Extended Fund Facility (Suriname)
On 23 December 2021, the Executive Board of the International Monetary Fund (IMF) approved a new 36-month arrangement under the Extended Fund Facility for Suriname, in an amount equivalent to SDR472.8 million (about US$688 million or 366.8 percent of quota). The decision enables an immediate disbursement equivalent to SDR 39.4 million (about US$55.1 million). The IMF financial arrangement will support Suriname’s authorities’ homegrown economic plan aiming to restore fiscal sustainability, ...