Author name: Sheryl Barra

SRC ADVISES TAXPAYERS OF NEW OBJECTION PROCEDURE AS AMENDED IN RAA

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The Seychelles Revenue Commission (SRC) is advising taxpayers to remain abreast of the latest changes made to the Revenue Administration Act 2024 (RAA), following amendments made to section 15, 19 and 34 of the act related to objection. Effective 1 January 2025, a taxpayer dissatisfied with a revenue decision may, within ninety days after the […]

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SRC MARKS INTERNATIONAL CUSTOMS DAY AND REWARDS LONG SERVING EMPLOYEES

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The Customs community has once again this year come together, united in celebrating International Customs Day, which officially falls on 26 January of each year. This special day commemorated by World Customs Organization (WCO) under the theme “Customs delivering on its Commitment to Efficiency, Security, and Prosperity” celebrates the value and virtue of Customs Officers,

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SRC ENCOURAGES TAXPAYERS TO APPLY FOR TAX CLEARANCE FOR TENDER PURPOSES EARLY

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The Seychelles Revenue Commission (SRC) is encouraging all taxpayers aiming to apply for any tenders throughout the year 2025 to submit their tax clearance application at the earliest to the Commission’s enforcement unit. As it takes between 5 to 7 days for a tax clearance application to be processed once submitted, taxpayers are advised to

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SRC ANNOUNCES CHANGES TO THE BUSINESS TAX RETURN FORM

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The business tax return is a self-assessment document to be completed by sole traders, partnership and companies at the end each tax year to declare and report on their taxable income for the relevant tax period, ‎‎with permitted deductions and exemptions, in line with the applicable laws. The self-assessment return places the responsibility of tax on

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SRC PROVIDES GUIDANCE ON AMENDMENTS MADE TO THE FOURTH SCHEDULE OF VAT ACT 2010

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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

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SRC PROMOTES DIVERSITY AND INCLUSION IN THE WORKPLACE

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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

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SRC EXTENDS PARTNERSHIP WITH ATAF TO INCREASE EFFICIENCIES AND CAPACITY DEVELOPMENT IN TAX

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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

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