Seychelles Tax Guide

Seychelles Tax Guide

The following guide provides all the essential information you need pertaining to taxes when investing in Seychelles.


The Seychelles Revenue Commission (SRC) is the local authority responsible for the administration and collection of tax revenues.

Investors need to pay attention to the following points regarding taxation:

  • All businesses must be registered with the SRC for a Tax Identification Number (TIN).
  • The tax year follows the calendar year, from January 01 to December 31. However, businesses are to request permission from the Commissioner General of SRC should they have a substituted accounting period.
  • Annual tax return: Businesses are encouraged to make their annual payment on the same day that the tax return is lodged. Unless approved otherwise by the Commissioner General, the deadline for lodgement and payment is by the 31st March of the following applicable year. For example, the Presumptive and Normal Business Tax return for the year 2020 should be submitted to SRC by the 31st March 2021.
  • Concessions are offered in sectors such as Agriculture, Fisheries and Tourism.
  • The tax system in Seychelles allows foreign investors to set up a wide range of businesses. To avoid paying taxes twice, investors are protected by Double Taxation Avoidance Agreements (DTAA) that Seychelles ratified with 28 countries. 

General Taxes

Business Tax

Business tax is levied on the taxable income; that is, assessable income less any allowable deductions, except for those exempted in the Second Schedule, as per the Business Tax Act- Amendment 2021.  

 

Business Tax is levied at different rates depending on whether it is a Sole Trader, Company or Partnership as well as other activities as per SI 108 2021 - Business Tax (Amendment of Schedules) Regulations 2021. (the Business tax rates are applicable as of January 2022)

 

 

Company

(An entity, government body, or a trustee)

Sole Trader

(Any person other than an entity or a government body)

 

15% on the first SCR 1,000,000 of taxable income

0% on SCR 0 to SCR 102,666 of taxable income 

25% on SCR 1,000,001 and above of taxable income  

15% on SCR 102,667 to SCR 1,000,000 of taxable income 

25% on SCR 1,000,001 and above of taxable income 

 

Tourism Fisheries Agriculture

 15%  on SCR 0  to SCR 1,000,000 of taxable income

Individual fisherman exempt up to 2023

After 2023 move on to the Presumptive tax structure

(No exceptions for boat owners)

Exempt from business tax up to 2026

 

25% on SCR 1,000,001 and above of taxable income

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Telecommunications service providers, banks, insurance companies, alcohol and tobacco manufacturers

25% on the first SCR 1,000,000 of taxable income

33% on SCR 1,000,001 and above of taxable income 

Presumptive Tax
Value added Tax
Income and non-monetary Tax
Immovable property (Foreign own) Tax

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