SRC HIGHLIGHTS Q2 AUDIT RESULTS AND 2023 HALF YEAR PERFORMANCE

September 25, 2023

SRC HIGHLIGHTS Q2 AUDIT RESULTS AND 2023...

The Seychelles Revenue Commission’s (SRC) Audit team has and continues to strengthen its examination efforts as part of its mandate to ascertain compliance to tax laws.To determine whether taxes are being correctly reported and paid to the organization, SRC has between April and June 2023 conducted a total of 129 audits comprising of 103 desk audits, 19 issue oriented....

SRC INCREASES CAREER OPTIONS AWARENESS TO SECONDARY SCHOOL STUDENTS

September 6, 2023

SRC INCREASES CAREER OPTIONS AWARENESS TO...

The Seychelles Revenue Commission has during the September school holidays welcomed students from key secondary schools on Mahe at its tax division, as part of its ongoing engagement with the Ministry of Education.The students hailing from Plaisance, English River, Perseverance and Anse Royale secondary schools all in S4 and S5 classes, had the chance to participate in....

SRC CONTINUES ITS UPCOMING PAYROLL CAMPAIGN IN ADDITION TO DELIVERING CUSTOMIZED TAX AWARENESS SESSIONS TO BUSINESSES

September 4, 2023

SRC CONTINUES ITS UPCOMING PAYROLL CAMPAIGN...

The Seychelles Revenue Commission (SRC) has over these past few months met with several organizations, as part of its educational campaign to increase awareness about its upcoming new payroll template.To address certain complexities with regards to the applications and computations of specific domestic taxes, the Commission has also seized these opportunities to deliver....

SRC MEETS WITH PAYROLL PROVIDERS AHEAD OF INTRODUCING REVISED PAYROLL TEMPLATE

July 24, 2023

SRC MEETS WITH PAYROLL PROVIDERS AHEAD OF...

The Seychelles Revenue Commission (SRC) has since last Friday presented its revised payroll template the organization intends to roll out for businesses with employed persons in the Seychelles, to several local payroll providers.The updated template expected to entail new features such as gender, job title and exempt benefits will be combined with the Seychelles Pension....

SRC CUSTOMS DIGITILIZES EXCISE AND MANIFEST PROCESSES AS PART OF PAPERLESS JOURNEY

July 20, 2023

SRC CUSTOMS DIGITILIZES EXCISE AND MANIFEST...

The customs division of the Seychelles Revenue Commission (SRC) has over these past months introduced two new modules within the Automated System for Customs Data (ASYCUDA) as part of its paperless journey.The first being the e-manifest module launched in March 2023 was followed by the excise tax module in June within the same year.The two projects implemented under the....

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.‎