UNODC HOLDS CONTAINER CONTROL PROGRAMME IN SEYCHELLES

February 15, 2024

UNODC HOLDS CONTAINER CONTROL PROGRAMME IN...

The Seychelles Revenue Commission (SRC), has this week welcomed a delegation from the United Nations Office on Drugs and Crime (UNODC) on a ten-day working mission into the Seychelles, to conduct a training on the ‘UNODC-WCO Container Control Programme (CCP).The theoretical training set to empower customs officers and related agencies dealing with importation at all ports....

TRANSFER PRICING EXPERT HOLDS SECOND WORK MISSION IN SEYCHELLES

February 15, 2024

TRANSFER PRICING EXPERT HOLDS SECOND WORK...

The Seychelles Revenue Commission (SRC), has last week, welcomed Mr. Ashish Heliwal on his second work mission in the Seychelles, under the Tax Inspectors Without Borders (TIWB) Programme.Following his last visit in October 2023, Mr. Heliwal has this time further extended his expertise in transfer pricing policies and regulations by hosting a dedicated training to a team....

CONCESSION ON FUEL FOR LICENSED CARGO VESSELS EXTENDED

February 8, 2024

CONCESSION ON FUEL FOR LICENSED CARGO VESSELS...

Following a review on the concessions available to licensed cargo ferry vessels held late last year, the Inland Revenue Unit of the Customs Division of the Seychelles Revenue Commission (SRC) is encouraging all licensed cargo ferry vessel to claim the concession being provided on fuel consumption which has now been extended throughout the year 2024.The concession of 25%....

SUCCESSFUL PARTNERSHIP BETWEEN SRC AND SBSA YIELDS TO STARTUP OF NEW LOCAL TAXATION COURSE

February 8, 2024

SUCCESSFUL PARTNERSHIP BETWEEN SRC AND SBSA...

After having successfully received the validation of the Seychelles Qualification Authority, the Seychelles Business Studies Academy (SBSA) will soon be introducing a new local taxation course as part of two newly re-accredited diploma programs; Diploma in Accounting and Finance and Diploma in Business Management and Administration.The course, developed in partnership....

BUSINESSES TO SUBMIT SPECIFIC PAYROLL FOR THIRTEENTH MONTH PAY TO SRC

December 26, 2023

BUSINESSES TO SUBMIT SPECIFIC PAYROLL FOR...

The Seychelles Revenue Commission (SRC) has today introduced a specific payroll to be completed by businesses for the thirteenth month pay.The three main sections outlined on this specific payroll include: Section 1: Employee’s details - Employee’s name, identity number, pension number, start and end date of duty, gender, job title, citizenship and applicable rate. Section....

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.‎