Suriname’s Mining Fiscal Regime: H1 2014

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

GlobalData's 'Suriname’s Mining Fiscal Regime: H1 2014' 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.

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 for ensuring 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.

Reasons to buy

Gain an overview of Suriname's mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary 1

2 The Suriname Mining Industry – Governing Bodies 5

2.1 Ministerie van Natuurlijke Hulpbronnen (Ministry of Natural Resources) 5

2.2 Nationaal Instituut Voor Milieu & Ontwikkeling in Suriname (National Institute for Environment and Development in Suriname – Nimos) 5

3 The Suriname Mining Industry – Governing Law and Mining Rights 6

3.1 Mining Decree (SB 1986 no.28) 6

3.2 Mining Rights 6

3.2.1 Reconnaissance rights 6

3.2.2 Reconnaissance obligations 6

3.2.3 Exploration rights 6

3.2.4 Exploration obligations 6

3.2.5 Exploitation rights 7

3.2.6 Exploitation obligations 7

4 The Suriname Mining Industry – Key Fiscal Terms 8

4.1 Corporate Income Tax 8

4.2 Capital Gain Tax 8

4.3 Depreciation 8

4.4 Loss Carry Forward 8

4.5 Withholding Tax 8

4.5.1 Dividend 8

4.6 Tax Incentives 8

4.7 Value Added Tax 8

5 Appendix 9

5.1 What is this Report About? 9

5.2 Methodology 9

5.3 Secondary Research 9

5.4 Primary Research 10

5.5 Contact GlobalData 10

5.6 About GlobalData 10

5.7 GlobalData’s Services 11

5.8 Disclaimer 12

List of Tables

Table 1: The Mining Industry in Suriname – Fiscal Regime Terms and Other Taxes, 2014 1

List of Figures

Figure 1: The Mining Industry in Suriname – Number of Operating Mines, 2014 1

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