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As a business owner, managing your VAT obligations is crucial for maintaining cash flow and ensuring compliance. In this blog post, we’ll break down when VAT is due based on a practical example, helping you stay informed and prepared. Example…
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.
On Friday, September 1, 2023, several proposed amendments to the VAT Act 2022 were adopted at the meeting of the National Assembly. The recent amendments to the VAT Act 2022 have been published in S.B. 2023 No. 126 on September 6, 2023. This is the 3rd amendment of the VAT Act 2022 in a year. Some changes to the VAT Act will be effective as of September 6, while some will be effective as of October 1, and some as of November 1.