- IMF says Suriname was not prepared to implement VAT effectively
- Technical assistance mission evaluated VAT implementation in Suriname
- Suriname implemented VAT on January 1, 2023, replacing Sales Tax
- VAT revenue collected for first 12 months was 3% of GDP
- Weak VAT performance attributed to lack of preparation by authorities
- Risks identified in VAT implementation need urgent addressing
- Finance Minister defended government’s decision to amend VAT
- Amendment to VAT seen as condition for IMF assistance to Suriname
Source: guardian.co.tt
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.
