Suriname: Labor Law Related Amendments

On September 8th, 2023, several labor-related laws have been amended in Suriname. Read below this article to find out more.

Suriname: Labor Law related Amendments

On September 8th, 2023, several labor-related laws have been amended in Suriname.

The amended laws concern the following:

State Decree of August 7, 2023, regarding the implementation of Article 7 paragraph 10 of the General Pension Act 2014 (S.B. 2014 no. 113), also known as the Pension Benefit Indexation Decree;
State Decree of August 7, 2023, regarding the implementation of Article 8, paragraph 6 of the General Pension Act 2014 (S.B. 2014 no. 113);
Act of August 30, 2023, further amending the Labor Disputes Act 1946 (G.B. 1946 no. 104, as amended by G.B. 1948 no. 8);
Act of August 30, 2023, containing further amendments to the Labor Act 1963 (G.B. 1963 no. 163, as last amended by S.B. 2018 no. 76);
Act of August 30, 2023, containing further amendments to the Vacation Law 1975 (S.B. 1975 no, 164c);
Act of August 30, 2023, containing further amendments to the Labor Accident Regulations (G.B. 1947 no. 45, as lastly amended by S.B. 2007 no. 111); and
Act of August 30, 2023, containing further amendments to the Work Safety Law 1947( G.B. 1947 no. 142, as lastly amended by S.B. 1980 no. 116).

Below we will note the relevant changes per item:

Ad 1. The amendment of the Pension Benefit Indexation Decree as laid down in the State Decree of August 7, 2023, regarding the implementation of Article 7 Paragraph 10 of the General Pension Act 2014 (S.B. 2014 no. 113) states that the index of the pension benefits has been set at SRD 450 as of January 1, 2023 (retroactively). The pension benefit of participants for the period January 2023 until December 2025 which is higher than SRD 300 is corrected and is increased to an amount of minimum SRD 1,350 per month. The indexation only applies to pension benefits of participants of the General Pension Fund.

Ad 2. In the State Decree of August 7, 2023, regarding the implementation of Article 8 Paragraph 6 of the General Pension Act 2014 (S.B. 2014 no. 113), the minimum contribution basis has increased from SRD 500 to SRD 2,250 per month and the maximum contribution base has been increased from SRD 5,000 to SRD 22,500 per month. The increased contribution works retroactively to January 1st, 2023.

Ad 3 – ad 7

The amendments laid down in ad 3 – ad 7 consist of fines for violations of the respective laws. Instead of the peculiar fine amount, the amounts are now aligned with the fines determined in the first or second category of the Criminal Law.

Please feel free to reach out to us in case you have any queries.

Share with others:

Leave a ReplyCancel Reply

BTW-Aftrek van voorbelasting

October 23, 2025 No Comments

De Wet Belasting over de Toegevoegde Waarde 2022 (BTW) trad op 1 januari 2023 in werking. Inmiddels zijn onze ondernemers wel gewend aan het idee van BTW, maar doen we het ook goed in de praktijk?
Nu de Belastingdienst begonnen is met het uitvoeren van controles, blijkt dat niet alles even duidelijk is, zeker niet als het gaat om de aftrek van voorbelasting. Dit is een kernonderdeel van het BTW stelsel en zal bij elke controle van de Belastingdienst aan de orde komen.
In dit artikel ga ik kort in op hoe de aftrek van voorbelasting werkt, wat de uitzonderingen zijn, en waarom het 0%-tarief, bijvoorbeeld bij leveringen aan contractors en subcontractors in de olie- en gassector, niet betekent dat het recht op aftrek vervalt.