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 came into effect in January 2024, businesses with employees must use and submit the three prescribed payroll templates comprised of the payroll withholding statement, simplified payroll withholding statement or the domestic worker withholding statements to SRC along with their income tax payment electronically in excel or xml format using the email pit@src.gov.sc.
The prescribed payroll statements are available in the download section of the SRC’s website at www.src.gov.sc or can be requested via email at advisory.center@src.gov.sc
Businesses who employs less than 10 employees including those paying the non-monetary benefits tax and any other emoluments; including exempted emoluments under the Income and Non-Monetary Benefits Tax Act must complete and submit the payroll withholding statement only.
For employers having less than 10 employees not paying any exempt emoluments other than the 13th month pay, overtime allowance, and any non-monetary benefits, the completed simplified payroll withholding statement must be used. For those employing domestic workers, the domestic worker payroll withholding statement must be completed and submitted accordingly.
Until the Commission’s tax portal is deployed, employers having less than 10 employees or those having domestic workers can continue to submit the payroll withholding statements in the appropriate format in person at any SRC offices or via the pit@src.gov.sc email address.
Employers failing to submit any of the payroll withholding statements within the aforementioned timeframe as specified under the Income and Non-Monetary Benefits Tax (Payroll) Regulations 2024, will be liable to an amount of additional penalties, interest and charges as specified under section 42 of the Revenue Administration Act (Cap 308).