TAX INSPECTORS WITHOUT BORDERS WORKSHOP LAUNCHED

November 5, 2024

TAX INSPECTORS WITHOUT BORDERS WORKSHOP LAUNCHED...

Tax Inspectors Without Borders (TIWB) workshop, a joint initiative between the Seychelles Revenue Commission (SRC), the United Nations Development Programme (UNDP), the Organisation for Economic Cooperation and Development (OECD) was launched yesterday.The workshop scheduled from 4 to 7 November brings together key stakeholders within the financial sector aims to enhance....

SRC TO HOST SECOND EDUCATIVE SESSION FOR 2024

October 16, 2024

SRC TO HOST SECOND EDUCATIVE SESSION FOR...

Following the success of the tax and customs workshop in August and due to increasing demand from the public, the Seychelles Revenue Commission (SRC) will once again this year host its tax and customs educative workshop targeting newly registered businesses or those interested in learning about tax and customs procedures, processes and laws ahead of starting their new....

SEYCHELLES REVENUE COMMISSION ANNOUNCES STRATEGIC TRANSFORMATION PLAN

August 28, 2024

SEYCHELLES REVENUE COMMISSION ANNOUNCES STRATEGIC...

The Seychelles Revenue Commission (SRC) has today announced a new strategic transformation plan aimed at enhancing operational efficiencies to drive the sustainable development and growth of the Commission.The transformation plan set to be implemented over 3 years (2024 – 2027), follows a comprehensive organizational analysis conducted in June 2024, in collaboration with....

SRC URGES TAXPAYERS TO USE THE PAYROLL WITHHOLDING TEMPLATES AS PRESCRIBED IN THE LAW

August 19, 2024

SRC URGES TAXPAYERS TO USE THE PAYROLL WITHHOLDING...

The Seychelles Revenue Commission (SRC) has today announced that effective 1 September 2024, the Commission will no longer accept any payroll withholding statements created and submitted by taxpayers in their own format or templates. This is applicable for the August 2024 payroll withholding statement due on 21 September, 2024. In line with S.I. 19 which came into effect....

SRC’S TAX AND CUSTOMS WORKSHOP FOR NEW BUSINESSES SCHEDULED ON 14 AUGUST 2024

August 7, 2024

SRC’S TAX AND CUSTOMS WORKSHOP FOR NEW BUSINESSES...

The Seychelles Revenue Commission (SRC) will as customary host its annual tax and customs educative workshop targeting newly registered businesses on Wednesday, 14 August 2024. The session scheduled at 9am will proceed until midday. Topics to be covered will raise awareness on the administration of both customs and tax laws, procedures for lodgment of returns and payment,....

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.

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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.‎

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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.‎

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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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Locations and Services

We offer 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 our Advisory Center located on second floor of Maison Colet in ‎Victoria, contact us via email at advisory.center@src.gov.sc or call us on 4293737 to be assisted by our ‎Provision of Advice Officers. The Advisory Centre is open on weekdays between 8am to 4pm including ‎lunchtime.‎

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Tax Division

Maison Collet, houses the Headquarters and Tax Division of the Seychelles Revenue ‎Commission. To ‎enhance customer experience, the Commission also ‎has two offices on Praslin, one office on La Digue ‎and two service counters on Mahe (‎Providence and Anse Royale).‎

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Customs Division

The offices of the Seychelles Revenue Commission Customs Division are located at the Seychelles Post ‎Office in Victoria, at Seaport Operations in Latanier Road, at Sunshine House in Providence and at the ‎Airport Cargo Terminal in Pointe Larue.‎

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Other Services ‎

The Seychelles Revenue Commission also offers a range of certificates to ‎businesses and individuals, ‎both residents and non-residents of Seychelles upon request in addition to delivering dedicated ‎sessions to entities to further ‎enhance tax and customs knowledge.‎‎‎‎

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How to register your business with SRC

New businesses must register with the Seychelles Revenue Commission (SRC) within 28 days of ‎trading.
For new businesses with employees, the business must also register all of its employees within 7 days ‎of employment.‎

‎Documents required for registration

The following documents are required to successfully complete the registration process:‎

  • National identification card or passport.‎
  • Copy of business license as applicable issued by respective authorities (e.g. Seychelles ‎Licensing Authority, Financial Services Authority Seychelles …etc.)‎
  • Copy of partnership or company registration certificate as issued by the Registrar of ‎Companies.‎
  • Details of Tax Agent (if applicable).‎

Business registration process

The Seychelles Revenue Commission (SRC) will carefully review all applications along with supporting ‎documents and will allocate a taxpayer identification number (TIN) to a business within 24 hours ‎should the business complete the registration process successfully.

To register your business please click here.‎