SURINAME: Act on Fiscal Jurisdiction

SURINAME: Act on Fiscal Jurisdiction

February 1, 2023

On January 30, 2023, the Government approved the Act on Fiscal Jurisdiction.

In the Act, the Government confirms the geographical area over which the Republic of Suriname is authorized to lay down rules with regard to the levying of taxes (fiscal jurisdiction), and to bring it into line with the sovereign rights it possesses on the basis of the Maritime Zones Act 2017, S.B. 2017 no. 41. With the effectuation of this Law, all relevant tax laws will become applicable to the offshore area, including the Exclusive Economic Zone. The relevant tax laws are as follows below.

1. Wage Tax Act (S.B 2022 no 175);

2. Income Tax Act (S.B 2022 no. 149);

3. Dividend Tax Act 1973 (G.B. 1973 no. 8);

4. Sales Tax Act 1997 (S.B. 1997 no. 83);

5. Wealth Tax Act 1944 (G.B. 1944 no. 185);

6. Rental Value Tax Act 1995 (S.B. 1995 no. 108);

7. Casino Tax Act 2002 (S.B. 2022 no. 151);

8. Lottery Tax Act (S.B. 2015 no. 43);

9. Stamp Act (G.B. 1872 no. 13);

10. General Old Age Provisions Fund Act (S.B. 1981 no. 30);

11. Inheritance and transition Tax Act (G.B. 1830-9);

12. Entertainment Tax Act (G.B. 1917-16);

13. Act of Tariff of Import duties (1996, S.B. 1995 no. 111) and other applicable laws regarding the levying of excise duties on alcoholic and non-alcoholic beverages, tobacco and tobacco products, and the consumption tax on motor fuels;

14. Statistic and Consent Act (G.B. 1973 no. 9) and the Foreign Exchange Regulations (G.B. 1947 no. 136).

15. VAT Act (S.B 2022 no 121 lastly amended by S.B. 2022 no 148).

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