Tax aspects in IMF Country Report: Government will mandate that all tax declarations and transactions use a Tax Identification Number by end-June 2024. A new 5 percent VAT rate will be introduced on water, electricity and cooking gas in June 2024 (Suriname)
The Executive Board of the International Monetary Fund (IMF) completed the fifth review under the Extended Fund Facility (EFF) arrangement for Suriname, allowing for an immediate purchase equivalent to SDR 46.7 million (about USD 62 million) of which SDR 19.1 million or about USD 25 million would be for budget support. This has been announced on 26 April 2024 with a press release on the website of the IMF issued ...
IMF Executive Board concludes second review of the Extended Fund Facility for Suriname, allowing for an immediate disbursement equivalent to SDR 39.4 million. Broadening of the VAT base will provide the fiscal space for expanding social assistance programs and growth-enhancing investment (Suriname)
On Wednesday June 14, 2023, the IMF Executive Board completed the second review of the 36-month Extended Fund Facility (EFF) for Suriname, allowing for an immediate disbursement equivalent to SDR 39.4 million (about US$53 million), of which SDR 25.6 million would be for budget support. This has been announced in a news release (English) on the website of the IMF. Refer also to this news release (Dutch) and this news ...
Suriname and IMF reach staff-level agreement on the second review of the Extended Arrangement under the Extended Fund Facility. ‘Government is working to replace the sales tax with a broad-based VAT, scale back ineffective tax exemptions, increase taxation of the mineral sector and improve the efficiency of the public workforce’ (Suriname)
The IMF staff team and Surinamese authorities reached a staff-level agreement on the second review of the authorities’ economic recovery program supported by the Extended Fund Facility (EFF). The agreement is subject to approval by the IMF’s Executive Board. This has been announced in a press release published on the website of the IMF. The Ministry of Finance & Planning of Suriname has also issued a press release on this ...