The Revenue Commission is responsible for the collection of taxes levied under various fiscal legislations on behalf of the Government of Seychelles.

1.Business Tax

The Business Tax Section is responsible for the assessment and collection of taxes on profits derived by businesses operating in Seychelles. All businesses are required to register with the Commissioner of Taxes within 14 days after the date on which the business commences.

Each year a business is required to lodge a business Tax return setting out the trading position (profit/loss) of the business.

The net profit as determined by a business (tax payer) is subject to review by the Taxation Office through the examination of the business accounts provided and based on certain standard criteria and additional information obtained. Business Tax is payable in two ways:

• Provisional Tax – Monthly
  Business tax paid in advance at a fixed monthly installment and designed to relieve taxpayers from the burden of a large tax bill at the end of the tax year.

• Provisional Tax – Deduction at Source
  Collected on a Pay As You Earn (P.A.Y.E.) basis and applicable mostly to businesses in construction; and per annum following the assessment of Business Tax returns. Rates of provisional tax deduction at source are 5% for all businesses operating as a specified business.

The rates of Business tax are provided in the Basic Cost section.

2.Withholding Tax

Withholding Tax mainly affects certain categories of payment to non-resident. These categories include:

• Interest at 10%

• Dividends at 15%

• Royalties at 15%

3.Trades Tax Imports

Trades Tax is levied on goods imported in Seychelles and is applicable at various set rates as laid down in the Trades Tax Regulations 1987.
Trade Tax Tariffs as of 1st December 2005.

4.Goods & Services Tax (GST)

The Goods and Services Tax is payable at set rates on the following:

• Goods imported into Seychelles

• Certain categories of products manufactured locally (cigarettes, alcohol, ice cream etc)

• By business providing certain professional services (lawyers, dentist, medical practitioners, accountants, engineers etc..)

• By certain tourism related business such as hotels, guesthouses, and self-catering establishments, restaurants or cafes, car hire operators, water sport operators, diving operators etc

• GST is also levied on the consumptions of electricity and water and on the cost of telephone calls

• It is also payable on the sale of all tickets for travel originating from Seychelles

GST is calculated on the turnover at various set rates as laid down in the Goods and Services tax Regulations 2003.