- The Minister of Finance and Planning of Suriname issued regulations regarding penalties for non-compliance with VAT declaration and payment deadlines.
- Administrative fines up to SRD 10,000 can be imposed for late, missing, or insufficient VAT declarations or payments.
- The penalty amount increases with the length of the delay, starting at SRD 2,500 for one month late and reaching SRD 10,000 for four or more months late.
- Even late nil or refund declarations are subject to fines.
- The calculation of the delay is rounded up to full months.
Source: belastingdienst.sr
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.
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