SR Turnover tax (TOT) Rates Suriname — Turnover tax (TOT)

General VAT Rate Other Rates Local Currency
10% 25%, 0% Dollar (SRD)

Suriname's general VAT rate is 10%, with other rates including 25% and 0% that can apply to certain transactions. The Turnover tax (TOT) is administered by the Inspectie der Belastingen in Paramaribo.

Suriname's VAT tax on services is 8%.

Suriname is a member of the CARICOM trading bloc, which may affect international VAT collection and regulations.

Suriname's consumption tax is called the Turnover tax (TOT), locally known as Omzetbelasting, which was introduced in December 1997.


Suriname Rates for 2017

Standard rate for services provided
8%
Standard rate for delivery of goods
10%
Standard rate for import of goods
10%
Other
25%, 0%

Suriname TOT number format

Businesses in Suriname that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Inspectie der Belastingen, and will follow a certain format. The TOT number format is XXXXX (5 digits).


Suriname TOT return periods

Businesses in Suriname that are required to collect tax from consumers must file regular tax returns with the Inspectie der Belastingen in Paramaribo. Suriname's TOT return periods are:

Monthly


Suriname Turnover tax (TOT) Thresholds

These are the revenue thresholds at which businesses in Suriname are required to start collecting and remitting tax.


Recovery of TOT by non-established businesses

Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Suriname are not required to collect taxes from the consumer.


Suriname VAT Refunds

Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Suriname VAT refund program, more info can be obtained from the Inspectie der Belastingen.


SR Turnover tax (TOT) Rates Suriname Tax Sources & Citations

  • EN: Suriname Value Added Tax
  • RU: НДС
  • CN: 增值税
Note: This page is intended to be a simple overview of Suriname's consumption tax structure, is provided as-is, and is not legal advice. Please let us know if any of the Suriname tax information on this page is incorrect or out of date.
Citations:
  1. Suriname Inspectie der Belastingen (accessed 2017)
  2. Ernst & Young global VAT tax study, Suriname (updated 2017)

  3. ← Back to World VAT Rates
** This Document Provided By SalesTaxHandbook **
Source: http://world.salestaxhandbook.com/sr-suriname