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August 31, 2022

SURINAME VALUE ADDED TAX

Suriname Value Added Tax Suriname Parliament on Augustus 30th, 2022, at last has approved the law regarding introduction of a Value Added Tax (VAT) in Suriname. […]
August 10, 2022

30BN BOE WAITING TO BE DISCOVERED

That was by far the most striking news at the2022 edition of the Suriname Energy andOil & Gas Summit (SEOGS 2022) and it was shared by Glenn Corrie, VP Offshore Directorate of Staatsolie, the NOC of Suriname. In a well animated presentation Corrie took his audience through the results of the hard work undertaken […]
August 8, 2022

PENDING OTHER LEGISLATION

Pending Other Legislation The Government of Suriname has recently shared drafts of 2 very important tax related laws. One is an amendment to the Petroleum law […]
May 7, 2018

Suriname confirms commitment to Fiscal Stability Clauses in PSC’s with IOC’s

I. Background The Council of Ministers of Suriname has recently approved a draft state decree (staatsbesluit) which aims to provide clarity to IOC’s on the legal […]
April 8, 2018

Kosmos Energy drills first Offshore Exploration Well in Suriname

Kosmos Energy Suriname (KES) on April 4th 2018 is expected to spud its first Exploration Well in Block 45 offshore Suriname. Drilling of the Exploration Well […]
April 6, 2018

Suriname is seeking renegotiation of MA’s with IAMGOLD and NEWMONT

Roy Shyamnarain, Tax lawyer and Legal counselPublished on January 15, 2018 Suriname has recently announced renegotiation of the terms and conditions of its Mineral Agreements (MA’s) […]
March 29, 2018

T&T demands equitable sharing of the value of its hydrocarbon resources

Roy Shyamnarain, Tax lawyer and Legal counselPublished on January 26, 2018 Reflecting the takeaways from my participation in the Trinidad and Tobago Energy Conference and Tradeshow […]
March 20, 2018

Tough job ahead

The new cabinet which took office on 12 August 2015, did this at a time when crucial decisions that concern us all, have to be taken. […]
October 28, 2017

VAT BREAKING!

In a Late-Sunday-Night announcement the Government of Suriname (GOS) on April 15th has again postponed the implementation date of the VAT for an indefinite period. As […]