Results of the Reconciliation Hydrocarbons Sector

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Results of the Reconciliation Hydrocarbons Sector

A summary of the results of the 2016 reconciliation is set out in the table below:

Summary reconciliation difference oil companies 2016

Table 5.3 Summary reconciliation difference oil companies 2016

Uncleared differences

These differences are uncleared differences between MOF and Staatsolie amounting to SRD 7,681 thousand regarding wage tax differences paid in 2016 by Staatsolie amounting to SRD 90,627 thousand and the amounts reported by MOF amounting to SRD 82,946. Therefore, MOF has reported in total less wage tax received in 2016.

Timing differences NS

These regard a payment of the royalty fee of November 2016, to Staatsolie on behalf of the Government. Staatsolie transferred the payment received in 2016, amounting USD 1,806 thousand, to the Government in January 2017. This amount was received by the Government in January 2017.

2019-12-19T11:22:03-03:00Thursday 19 December 2019|EITI Suriname Report 2016|