Seychelles
Corporate Tax Guide
Time of Update: 4/06/2026
Standard business tax: 15% on income up to SCR 1 million, 25% above (since January 2022). Telecom, banking, insurance, alcohol & tobacco sectors: 25%/33%. VAT at 15%. WHT of 15% on dividends, interest, and royalties paid to non-residents; resident-to-resident dividends are exempt. No capital gains tax. Progressive PIT: 0%/15%/20%/30% for citizens, 15%/20%/30% for non-citizens. CSR tax of 0.5% on revenues for companies with turnover ≥ SCR 1 million. OECD composite EATR 23.20%, EMTR 17.33%.
Seychelles Corporate Income Tax (CIT)
General CIT Rate:
Standard business tax: 15% on the first SCR 1 million, 25% above. Telecom, banking, insurance, alcohol & tobacco manufacturers: 25% on the first SCR 1 million, 33% above. Small business presumptive tax: 1.5% on turnover (non-VAT registered, under SCR 1M turnover).
CIT Return Due Date:
The due date for corporate income tax returns is typically six months after the end of the financial year.
CIT Payment Due Date:
Corporate income tax payments are generally due six months after the end of the financial year, in line with the return filing deadline.
CIT Estimated Payment Due Date:
Businesses are required to make quarterly estimated tax payments to manage their tax liabilities effectively.
Seychelles Withholding Tax (WHT)
Resident Withholding Tax (Dividend/Interest/Royalty):
0/NA/NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
15/15/15
Seychelles Value-Added Tax (VAT)
General VAT Rate:
15%
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Seychelles Capital Gain Tax (CGT)
General Capital Gain Tax Rate:
Capital gains are not subject to tax in Seychelles.
Seychelles Effective Tax Rate (ETR)
Composite Effective Average Tax Rate:
23.20%
Composite Effective Marginal Tax Rate:
17.33%
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TKEG Expat ™ (LU) Seychelles Corporate Tax Guide
1.
Personal Income Tax
Seychelles applies a progressive personal income tax system (PAYE). For Seychellois citizens: 0% on monthly income up to SCR 8,555.50; 15% from SCR 8,555.51 to SCR 10,000; 20% from SCR 10,000.01 to SCR 83,333; 30% above SCR 83,333. For non-citizen employees: 15% on the first SCR 10,000; 20% from SCR 10,000.01 to SCR 83,333; 30% above SCR 83,333. Non-monetary benefits tax of 15% is payable by the employer. Tax returns are due by March 31 annually.
2.
Value-added Tax
The standard VAT rate in Seychelles is 15%, applied to all taxable supplies of goods and services. Exports are zero-rated (0%). Exempt supplies include pharmaceutical products, infant formula, basic necessities (rice, lentils, etc.), education, health services, financial services, sale/purchase of real estate, and residential rental income. VAT registration is mandatory for businesses with annual turnover exceeding SCR 2 million.
References
https://src.gov.sc/seychelles-tax-system/
3.
Corporate Income Tax
Since January 2022, the standard business tax rates in Seychelles are 15% on the first SCR 1 million of taxable income and 25% on income exceeding SCR 1 million. For telecom, banking, insurance, and alcohol & tobacco manufacturing sectors, the rates remain at 25% on the first SCR 1 million and 33% above. Foreign companies are taxed at the same rates as domestic ones. Profits earned through overseas permanent establishments are not subject to Seychelles tax. However, foreign-sourced income without a permanent establishment abroad is taxable. Companies with sufficient economic substance may receive exemptions on foreign-sourced passive income, except for IP rights income (unless from patents linked to R&D conducted in Seychelles). A Corporate Social Responsibility (CSR) tax of 0.5% on revenues applies monthly to companies with turnover of SCR 1 million or more. Small businesses (non-VAT registered, under SCR 1M turnover) may opt for a 1.5% presumptive tax on turnover.
References
https://src.gov.sc/seychelles-tax-system/
4.
Capital Gains Tax
Capital gains are not subject to tax in Seychelles.
References
https://src.gov.sc/seychelles-tax-system/
5.
Property Tax
Foreigners who own residential immovable property are liable to an annual immovable property tax at the rate of 0.25% of the market value of such property. Residents buying immovable property pay stamp duty at the rate of 5% of the transaction amount, while special rules apply for non-residents. Stamp duty may also be payable on certain other transactions.
References
https://src.gov.sc/seychelles-tax-system/
