Author name: Sheryl Barra

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

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

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

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

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

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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TAX INSPECTORS WITHOUT BORDERS WORKSHOP LAUNCHED

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

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SEYCHELLES REVENUE COMMISSION ANNOUNCES STRATEGIC TRANSFORMATION PLAN

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

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