Suriname VAT / GST

Value Added Tax (BTW)

Suriname introduced VAT (Belasting over de Toegevoegde Waarde, BTW) on 1 January 2023, replacing the former turnover tax. The standard rate is 10% on goods and 8% on services, with reduced and higher rates for specific categories and a 0% rate on exports.

• Standard VAT rate on goods — 10% percent (Value Added Tax Act 2022 (Wet BTW 2022))
• Standard VAT rate on services — 8% percent (Value Added Tax Act 2022 (Wet BTW 2022))
• Reduced VAT rate — 5% on water, electricity, cooking gas and domestic transport percent (Value Added Tax Act 2022 (Wet BTW 2022))
• Luxury VAT rate — 25% on luxury goods percent (Value Added Tax Act 2022 (Wet BTW 2022))
• Zero rate — 0% on exports of goods percent (Value Added Tax Act 2022 (Wet BTW 2022))
• VAT on fuel — 10% (increased 1 July 2024) percent (Value Added Tax Act 2022 (Wet BTW 2022))
• VAT registration threshold — SRD 1,000,000 of taxable turnover per calendar year SRD (Value Added Tax Act 2022 (Wet BTW 2022))
• Non-resident digital-services registration threshold — SRD 500,000 for non-resident providers of digital/electronic services SRD (Value Added Tax Act 2022 (Wet BTW 2022))
• Filing/declaration period — Monthly (calendar month) (Value Added Tax Act 2022 (Wet BTW 2022))
• Return and payment deadline — Return filed between the 1st and 15th and payment due by the 16th of the month following the period ((approx — confirm exact day)) (Value Added Tax Act 2022 (Wet BTW 2022))
• Reverse charge — Recipient self-accounts for VAT on certain imported services / supplies by non-residents ((approx — confirm scope)) (Value Added Tax Act 2022 (Wet BTW 2022))