This is an updated Blog post on the amendment to the Law regarding the Minimum Wage and the Law regarding the Minimum Hourly Wage.
Read in this article about the recent amendments in Suriname regarding the intermediaries act and minimum wage act.
Amendments to the wage tax act have been officially published in the State Decree (S.B 2024 no. 2). Also note that the filing of the wage tax return must now be done in a online portal.
In Suriname, the dissolution of a company involves a series of legal steps and formalities, culminating in the termination of its existence as a legal entity. During this process, assets are liquidated, debts settled, and any remaining funds distributed among shareholders, marking the closure of the company's operations.
If you're a taxable natural person or running a taxable entity, mark April 15th on your calendar. Why? Because that's your deadline to file a preliminary income tax return for the current tax year. If you have started your business in between the year, then you need to file the preliminary return within two and a half months after the start of the financial year. But don't worry, we are here to break it down for you.
The State Decree (S.B 2024 no. 2) outlining the proposed Wage Tax amendments has been published, effective January 1, 2024. Key changes include an increase in the tax-free amount from SRD 7,500 to SRD 9,000 per month, a hike in tax deduction from SRD 100 to SRD 400, and adjustments in the wage tax brackets
As we approach the end of 2023, it’s time to prepare for what lies ahead of us. The year 2024 promises to be eventful as we anticipate significant changes in tax legislation and the digitalization of tax compliance requirements at the Tax Office in Suriname. In this Year-End Bulletin, we provide you with an outline of several announcements for entities and individuals, taking effect on January 1, 2024. We will also look at the key changes that may come into effect in 2024.
