SRC ATTENDS UNODC ASSET RECOVERY TRAINING HOSTED IN COLLABORATION WITH THE SEYCHELLES POLICE FORCE

June 7, 2024

SRC ATTENDS UNODC ASSET RECOVERY TRAINING...

The Seychelles Revenue Commission (SRC) has this week attended a four-day training held at the Savoy Resort and Spa hosted by the United Nations Office on Drugs and Crime (UNODC) based in South Africa, in collaboration with the Seychelles Police Force.The training facilitated by four UNODC experts delivered from 3 to 6 June 2024, focused primarily on asset recovery, its....

SEYCHELLES REVENUE COMMISSION LAUNCHES ONLINE PAYMENT FOR CUSTOMS SERVICES

June 5, 2024

SEYCHELLES REVENUE COMMISSION LAUNCHES ONLINE...

The Seychelles Revenue Commission (SRC) has today launched its online payment facility for customs services, as part of the latest enhancement to the Automated System for Customs Data (ASYCUDA).Introduced to streamline the payment process for all imports and exports declarations, the new facility aims to increase operational efficiencies and further ease the clearance....

SBSA, PERSEVERANCE AND ENGLISH RIVER SECONDARY SCHOOL LEARNS ABOUT THE ROLE AND IMPORTANCE OF SRC INTERNAL AUDITORS

June 3, 2024

SBSA, PERSEVERANCE AND ENGLISH RIVER SECONDARY...

The Seychelles Revenue Commission (SRC) has since the beginning of May 2024,  met with over ninety students from two secondary schools and one post-secondary institution, as part of its awareness campaign to impart knowledge about the roles, functions and importance Internal Auditors plays within an organization.The initiative held to mark this years’ Internal Audit Awareness....

SEYCHELLES REVENUE COMMISSION INCREASES TAX EDUCATION TO BOOST COMPLIANCE

May 31, 2024

SEYCHELLES REVENUE COMMISSION INCREASES TAX...

The Seychelles Revenue Commission (SRC) has over the past five months hosted a series of workshops to various entities across Seychelles, as part of its strategy to boost increased tax and customs education to taxpayers.The sessions facilitated by professionals from the Commission’s tax and customs division covered a wide range of topics such as, the type of taxes administered....

SRC AND PARTNERS TO HOST EDUCATIVE WORKSHOP WITH INNER ISLAND RETAILERS AND WHOLESALERS

May 21, 2024

SRC AND PARTNERS TO HOST EDUCATIVE WORKSHOP...

The Seychelles Revenue Commission (SRC) and partners will on Thursday, 23 May 2024, host an educative session targeting businesses engaged in the retail and wholesale activity on Praslin and La Digue.The session set to be held at the Bahai Centre in Baie Saint Anne will also see the participation of key partners including the Fair Trading Commission (FTC), Seychelles Licensing....

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.‎