josh.kartadiwirja

The Petroleum Act provides special incentives to oil companies, contractors and subcontractors. One of these incentives regards the exemption from import and export duties for the import (and export) of capital assets. Another incentive regards the exemption from import duties…

The following payments are made to the Directorate Direct and Indirect Taxes: a. Corporate income tax (income tax) Income tax is raised on taxable profits and gains of companies from their fiscal year. The overall nominal income tax rate applicable…

The following payment flows from the reporting companies are included in the reconciliation: Note: NV1 is not included as reporting entity. The payment flows included hereafter are the revenue streams from the Hydrocarbon and gold sector to the Government. The…

The following payment flows from the reporting companies are included in the reconciliation: Note: NV1 is not included as reporting entity. The payment flows included hereafter are the revenue streams from the oil and gold sector to the Government. The…

The reconciliation is based on a cash basis and not on an accrual basis, therefore companies must only enter the payments made in the reporting year, i.e. January 1 – December 31, 2016, in line with the reporting principle of…

General Reporting year: January 1 – December 31, 2016 This reconciliation does not express an opinion about the completeness of the payments received by the Government over the fiscal year 2016. For reasons of transparency of the revenues received from…

Introduction The materiality decision for reporting purposes, as decided by the MSG SEITI, is included in appendix B of this report. MSG SEITI has concluded which payment flows to the Government of Suriname should be included in the EITI Report…