Albany, NY -- (SBWIRE) -- 09/18/2014 -- Synopsis:

Timetric's Suriname fiscal regime report covers the governing bodies, law, licenses, mining rights and tax-related information on two commodities: bauxite and gold.

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Executive summary:

The mining industry is governed by the Ministerie van Natuurlijke Hulpbronnen (Ministry of Natural Resources) and Nationaal Instituut Voor Milieu & Ontwikkeling in Suriname (National Institute for Environment and Development in Suriname). The Mining Decree (SB 1986 no.28) is the current mining legislation in Suriname, covering all concerns relating to exploration and exploitation activities in the country.

Scope:

The report outlines Suriname’s governing bodies, governing law, mining rights and key fiscal terms which includes Corporate Income Tax, Capital Gain Tax, Depreciation, Loss Carry Forward, Withholding Tax, Tax incentives and Value Added Tax, VAT.

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Reasons to buy:

Gain an overview of Suriname's mining fiscal regime.

Key highlights:

The Ministry of Natural Resources is the main governing body responsible for the sustainable development of natural resources in the country.

The National Institute for Environment and Development in Suriname is responsible to ensure sustainable development by creating legal and institutional framework for environmental policy.

Mining Decree (SB 1986 no.28) is the current mining legislation in Suriname, and covers all concerns regarding exploration and exploitation activities in Suriname.

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