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
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
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
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
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
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
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.
