IMF Country Report regarding the Post-Financing Assessment Discussions with Suriname. Implementation of the new fiscal framework is now expected to be phased in over three years. Opportunities to broaden the tax base and improve revenue administration. The projected scale of hydrocarbon output implies a structural break in macro-fiscal trajectory, with associated tax revenues (Suriname)
On June 10, 2026, Country Report No. 26/131 regarding the Post-Financing Assessment Discussions with Suriname was published on the website of the International Monetary Fund (IMF), including a press release, a staff report and a statement by the Executive Director for Suriname. The Post-Financing Assessment Discussions took place in April 2026 and the staff report was completed on May 15, 2026. Executive Summary From the Executive Summary of the report: ...
Various tax aspects in the IMF Country Report regarding the 2025 Article IV Consultation (Suriname)
On February 11, 2026, Country Report No. 26/37 regarding the 2025 Article IV Consultation was published on the website of the International Monetary Fund (IMF), including a press release, a staff report and a statement by the Executive Director for Suriname. The 2025 Article IV Mission to Suriname took place from 10 – 21 November 2025. Summary Suriname is about to experience a significant oil boom. The task ahead needs ...
IMF Executive Board concludes 2025 Article IV Consultation. The Executive Directors encouraged measures to raise the primary surplus while safeguarding priority investment in human capital, including by broadening the tax base and improving tax administration through digitalization (Suriname)
The Executive Board of the International Monetary Fund (IMF) concluded the 2025 Article IV consultation. Buoyed by positive sentiment, growth is expected to remain solid in the near term. However, fiscal and monetary slippages in 2025 have significantly eroded earlier progress in restoring macroeconomic stability. Improving the fiscal balance and meeting reserve money targets would be an important course correction. Continuing with structural reforms to further improve institutions would allow ...
IMF Staff Concluding Statement of the 2025 Article IV Mission to Suriname: Revenue administration needs strengthening and there is scope to raise excise taxes. Excise taxes are low by international standards and should be increased and applied to a broader range of products. There is scope to step up enforcement to ensure small-scale gold miners fully pay their tax obligations. The authorities’ plan to transition to a SARA will help improve revenue collection (Suriname)
The IMF Staff Concluding Statement of the 2025 Article IV Mission to Suriname has been published on the website of the IMF. The mission took place from 10 – 21 November. The Government of Suriname has issued this news release (in Dutch) on its website regarding the outcome of the Article IV mission. According to the Staff Concluding Statement, revenue administration needs strengthening and there is scope to raise excise ...
Tax aspects in IMF Country Report on the ninth review of the extended fund facility for Suriname. Continuing efforts to strengthen the tax administration – including through hiring and training of additional staff – and improving tax compliance, administration and collection. Stricter enforcement of VAT tax compliance – including imposing penalties and interest – and processing of VAT refunds. Reforms ongoing to strengthen the Large Taxpayer Unit and to make the tax department a semi-autonomous revenue agency (Suriname)
The Executive Board of the International Monetary Fund completed the ninth and final review under the Extended Fund Facility (EFF) arrangement for Suriname. The approval allows for an immediate purchase equivalent to SDR 46.8 million (about USD 62 million) of which SDR 33.6 million or about USD 44.7 million would be for budget support. This has been announced on April 15, 2025 with a press release on the website of ...
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 ...