Suriname VAT Implementation and E-Services effective 1 January 2023

Stephanie Melhem
November 15, 2022

Suriname is introducing a new VAT system that will replace the current sales (turnover) tax. A 10% VAT rate will come into effect on 1 January 2023. Businesses with annual taxable turnover exceeding SRD 1 million are required to register and others may voluntarily register.

Non-resident suppliers providing digital services to non-taxable persons in Suriname will also be required to collect and remit VAT on their supplies if their annual turnover exceeds SRD 500,000.

 

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Author

Stephanie Melhem

Stephanie Melhem is a Junior Regulatory Counsel at Sovos Compliance. Within Sovos’ Regulatory Analysis function, Stephanie specializes in research and analysis of global VAT and GST. Stephanie received a B.S. with distinction in Applied Legal Studies from Suffolk University and a J.D. from the University of Massachusetts School of Law. Stephanie is a member of the Massachusetts Bar and New Hampshire Bar.
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