Seychelles Tax Guide

SRC Seychelles

The Seychelles Revenue Commission (SRC), 2009 was established on 1 January 2010, following the ‎enactment of the Seychelles Revenue Commission Act 2009 (SRC Act).‎ SRC is responsible for the administration of revenue laws in the Seychelles, under the Act, and is ‎mandated to operate as an independent authority with the responsibility of conducting its affairs in a ‎transparent and efficient manner, under the purview of the Ministry of Finance, National Planning and ‎Trade, the body overseeing major fiscal policy issues affecting revenue collection. SRC is also ‎functioning under the aegis of a Governing Board as per the SRC Act.‎

 

SRC offers a wide range of services at our offices located across Mahe, Praslin and La Digue. For general ‎tax and customs related queries or to better understand your rights and obligations towards the ‎Seychelles Revenue Commission, visit SRC Advisory Center located on second floor of Maison Colet in ‎Victoria.

 

Email: advisory.center@src.gov.sc
Tel: (+248) 4293737
Opening hours: 8am to 4pm including ‎lunchtime.‎

Domestic Taxation

Domestic Taxation

Seychelles has been operating a self-assessment tax regime since 2010 to encourage voluntary ‎compliance. Historically, the country operated a territorial tax regime.‎

Customs and Excise

Customs and Excise

The Customs Division managed by the Commissioner of Customs is mandated by the Customs ‎Management Act which came into operation on 1 July, 2012.

International Taxation

International Taxation

The Seychelles Revenue Commission as the competent authority is responsible for ensuring ‎Seychelles is compliant with its international tax and financial obligations.‎‎

Income and Non-Monetary Benefits Tax

The Income and Non-Monetary Benefits Tax was introduced in December 2017. Income Tax is defined ‎as the tax levied on personal emoluments of an individual payable by employees or their employer. ‎Non-Monetary Benefits Tax is the tax payable by the employer on any benefit provided to an ‎employed person (an employee) for example accommodation, meals, transport, insurance and others ‎as listed in the Fourth Schedule of the Income and Non-Monetary Benefits Tax Act 2010.

Income and Non-Monetary Benefits

Income and Non-Monetary Benefits

The Income and Non- Monetary Tax Act came into operation in July 2010 to provide for taxation of ‎income and non-monetary benefits and for connected matters.‎

Income Tax

Income Tax

In June 2018, a number of changes were effected to the rates and calculation of income tax. A ‎progressive regime was introduced with an increase in the tax free threshold.‎

Non-Monetary Benefits Tax

Non-Monetary Benefits Tax

As from 1 January 2023, an employer shall be liable to pay tax at the rate of 15% reduced from 20% on ‎the value of a non-monetary benefit.‎‎

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