Implementation VAT suspended The Government of Suriname has decided not to continue with implementation of VAT on 1 July 2018. The new IT system for VAT is behind schedule and the VAT legislation still requires a lot of adjustments. No new official implementation date has been set.

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Expat/Executive Payroll

Our memo on expatriate and executive payroll in Suriname. download: Expat & Executive Payroll Suriname – March 2018 Lately we have received various questions from Companies on their payroll. We notice that the payroll is not executed most efficiently. Is some cases there was no optimization, resulting in a high effective tax rate. In other cases, the payroll was simply not…

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Oil & Gas sector – Offshore activities

Tax jurisdictions in Suriname For tax purposes, Suriname consists of three geographical jurisdictions. A. The onshore area (mainland) and the territorial waters (up to 12 nautical miles from shore). B. The Exclusive Economic Zone. The area between the 12 nautical miles from shore to 350 nautical miles off shore. C. The Continental Shelf. The continental shelf extends from the coastline of a continent to a drop-off…

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Preliminary Corporate Income Tax Return 2018

If you expect that your result for 2018 will be less favorable, your preliminary CIT return for 2018 may be too high now that it may not be less than the last submitted CIT return. Ask for permission to submit a lower preliminary CIT return 2018. This request must be submitted no later than 15 February 2018 or one and…

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promotie Kenswil & Co

Kenswil & Co is een onafhankelijk fiscaal advieskantoor gevestigd in het centrum van Paramaribo. Wij bieden het beste van twee werelden: de aanpak van een boutique kantoor en de kennis en ervaring van een internationaal kantoor. Wij staan bekend om onze expertise op het gebied van belastingadvies—lokaal en internationaal. Al onze ervaren fiscalisten hebben een achtergrond bij de gerenomeerde internationale…

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Prevent loss evaporation

A loss from a company can only be carry forward up to 7 years after the year in question (7 years carry-forward). After that, these losses are lost. Losses from 2010 will evaporate as of 31 December 2017. In order to prevent loss evaporation, the profit may perhaps be increased by, for example, postponing costs and expenses or having provisions…

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New Office

We are are pleased to announce our relocation.

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