SRC COMMISSIONER GENERAL INTRODUCES SBSA STUDENTS TO SEYCHELLES TAX SYSTEM
THURSDAY 18 NOVEMBER 2022, VICTORIA, SEYCHELLES: On Thursday 10 November 2022, the Seychelles Revenue Commission (SRC), delivered a lecture focused on the Seychelles tax system to a group of students from the School of Business Studies and Accounting (SBSA), led by the Commissioner General, Mrs. Veronique Herminie. Held at the University of Seychelles theater in Anse Royale, the lecture attended by more than 60 students from the institution covered the historical journey of taxation in Seychelles, current revenue laws and applications, its basic principles, purpose, classification and correlation with economics and accounting. The insightful half-day session also included an overview about the role and functions of the SRC, the expectations towards tax compliance and the rights granted to registered businesses under the revenue laws administered by the Commission, the power of tax and customs officers, amongst other important topics.
The lecture, organized under the Memorandum of Understanding between SRC and SBSA signed in August 2022, provided the students with a broader understanding about how tax works in Seychelles ahead of their upcoming final year examination. To note, since last year SRC has also hosted several sessions about the implementation of the Value Added Tax (VAT) in the context of Seychelles as part of SBSA’s second year curriculum. The students whom many aspire to take future roles in the field of accounting and business also had the opportunity to learn about the various career prospects available within SRC’s Tax and Customs Division, including the learning and development program in place to further grow with the organization through the SRC’s Human Resource Officer, Mrs. Line Charlette. Maintaining the strong relationship between the two entities, during the upcoming December school holidays SRC will be offering SBSA students hands on work experience through internship within its audit, return processing and enforcement unit. The students will also assist the organization with its data-cleanup exercise of which more information about this project was provided by the SRC’s Director of Compliance Program and Policy, Ms. Roseline Lepathy who also formed part of the delegation at this presentation.
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