The Suriname parliament has reportedly approved the government’s proposed increase in the sales tax rate to a single rate of 12%. As previously reported, the standard sales tax rates are currently 10% for the supply of goods and 8% for the rendering of services. For the import of goods, however, the rate was already increased to 12% from 1 February 2021. The increase to a single 12% rate for all supplies will apply from 1 October 2021.
Source Orbitax
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