Suriname Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

FATF Recommendations and UN Security Council

Primary Legislation

The Customs Act commodity code (WTI) 1996 SB 1995 no. 111, as amended by SB 2004, The CARICOM External Tariff (CET) 2007, applied under the Customs Act, is the ta, No law specifically addressing cryptocurrencies, digital assets, blockchain tech, The Customs authorities, under the Customs Act WTI 1996, exercise fiscal duties, No legislative proposal to amend the AML/CFT Act or the Bank Act to include virt, AML/CFT Act, The Suriname Income Tax Act (Wet op de Inkomstenbelasting) does not mention cryp, There is no capital gains tax law in Suriname that explicitly covers digital ass, The Suriname Value Added Tax (VAT) Act (Wet op de Omzetbelasting) does not list, The Customs Act WTI 1996 and CET 2007 do not classify digital assets for import

Travel Rule

Not adopted

Tax Reporting

No specific capital gains tax regime for cryptocurrencies: Suriname does not have a comprehensive capital gains tax for individuals on all asset disposals. Capital gains for individuals are generally taxed only in specific circumstances (e.g., speculative gains from certain investments, or gains from the sale of substantial shareholdings).. Casual or Hobby Investors: If an individual buys and sells cryptocurrency infrequently and not as part of a business or speculative activity, it's possible such gains might not be subject to capital gains tax if they don't fall under the definition of "speculative gains" or "income from other sources" under existing income tax law. However, this is highly uncertain and subject to interpretation by the Belastingdienst.. Speculative Gains: If the buying and selling of cryptocurrency is deemed "speculative" or frequent enough to constitute a "business activity" by the tax authorities, then the gains could be subject to individual income tax rates.. For Businesses: If a company deals in cryptocurrencies as part of its regular business operations, any gains realized from the sale of cryptocurrencies would be considered part of its taxable business profit and subject to corporate income tax.. Receipt of Crypto as Payment/Salary: If an individual receives cryptocurrency as payment for services rendered or as salary, the fair market value of the cryptocurrency at the time of receipt would generally be considered taxable income.

Key Facts

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