Author name: Sheryl Barra

As stipulated in S.I. 98 of 2024 of the Value Added Tax (VAT) Act Refund Regulation 2024, effective 1 January 2025, taxpayers registered under VAT must compulsorily claim a VAT refund where: A VAT credit has been carried forward to two consecutive VAT periods and exceeds SCR10, 000 at the end of the third VAT […]

Following amendments made to the fourth schedule of the Value Added Tax 2010 (VAT) and as cited in S.I. 97 of 2024, effective 1 January 2024 the registration threshold for VAT shall be as follows: Registration Type Current Threshold New Threshold Effective 1 January 2025   Compulsory Total value of taxable supplies made or reasonably

Promoting diversity and inclusivity at the workplace is amongst one of the best ways to foster an open-minded workforce without prejudice on race, gender, age, religion and educational background. Recognizing and honoring the world’s unique traditions and cultures, recently the Seychelles Revenue Commission (SRC) celebrated the beauty of differences, through its ‘Cultural Diversity Day’ organized

The Seychelles Revenue Commission (SRC) have today extended its partnership with the African Tax Administration Forum (ATAF) following the signing of an agreement aimed at increasing efficiencies in the Seychelles tax system. The agreement signed between the SRC’s Commissioner General, Mrs. Varsha Singh and the ATAF’s Executive Secretary, Mr. Logan Wort also outlines the country

The Seychelles Revenue Commission (SRC) will on Friday 22 November 2024 host an open day on La Digue, affirming its commitment to enhance taxpayer’s relationship with SRC and further improve services offered to taxpayers on this island. The open day set to commence from 10am to 3pm will allow taxpayers the opportunity to meet with

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 Seychelles increased investigation capabilities

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

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 the African

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

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