- Technical assistance mission evaluated launch and administration of VAT in Suriname
- Suriname implemented VAT on January 1, 2023, replacing Sales Tax
- VAT revenue collected in first 12 months was 3% of GDP, 95.4% of target
- Weaker than expected VAT performance due to poor implementation management
- Risks identified include weaker revenue collection, weak compliance, challenge to fiscal program
Source: imf.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
