1. (a) In the case of an entity (Company), government body or a trustee
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i. 25% on the first SR1 000 000 of taxable income
ii. 33% on the remainder
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1. (b) In the case of any other person, other than an entity or government body (sole trader and individual partners in a partnership)
* Individual partners in a partnership business are taxed based on their percentage share
of the profit. The partnership business is not taxed.
*1 The rate specified applies from January 2011.
Prior to January 2011, the rate was SR18.75% between SR150 001 and SR1 000 000.
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i. 0% on the first SR150 000 of taxable income
*1 ii. 15% between SR150 001 and SR1 000 000
iii. 33% on the remainder.
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2.( a) In respect of Commission paid to sellers of lottery and games of chance tickets
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10%
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2. (b) In respect of interest paid to holders of 2007 bonds issued by the Republic of Seychelles
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0%
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3. A non-resident operating a ship or aircraft under Section 7
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3% of the gross amount in respect to passengers, livestock, mail, merchandise or
goods embarked from the Seychelles
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4.(a) In respect of a gross amount of dividend, royalty, natural
resource amount, or technical services fee under Section 8
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15%
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4. (b) In the case of an insurance premium under Section 8
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5%
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4. (c) In the case of interest under Section 8
Current Account –
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5%
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Fixed Deposit (In Seychelles Rupees or any other currency –
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5%
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Savings Account –
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0%
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Call Deposit –
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5%
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Bearer Bonds –
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33%
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Bank to Bank –
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0%
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Non-Resident Bank Interest –
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0%
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2006 Government Bonds –
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0%
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2007 Government Bonds –
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0%
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8% Seychelles Stock –
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0%
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CBS Bonds Series FXM -
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0%
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CBS Bonds Series FEX –
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0%
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By a non-financial institution to a non-financial institutional –
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15%
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Treasury Bills (where the recipient is not a resident or a non-resident financial
institution as defined in the Financial Institutions Act, 2004 or carrying on
the business as an insurer as regulated under Insurances Act, 2008 –
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5%
|
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Treasury Bills (where the recipient is a resident or a non-resident financial
institution as defined in the Financial Institutions Act, 2004 or carrying on
the business as an insurer as regulated under the Insurances Act, 2008 –
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0%
|
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5. The owner of a business of a casino under Section 44
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0%
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6. (I) The rate of withholding tax on dividends under Section 62 is as follows:
a) In respect of dividend paid by a resident incorporated entity to a resident incorporated entity
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0%
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b) In respect of dividend paid by a resident incorporated entity to a resident unincorporated entity
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0%
|
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6. (II) The rate of withholding tax on interest under Section 63 is as follows:
Current account -
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5%
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Fixed Deposit (In Seychelles Rupees or any other currency) –
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5%
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Savings Account -
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0%
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Call deposit –
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5%
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Bearer bonds –
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33%
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Bank to bank –
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0%
|
Non-Resident Bank Interest –
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0%
|
2006 Government bonds –
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0%
|
2007 Government bonds –
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0%
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8% Seychelles Stock -
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0%
|
CBS bonds series FXM –
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0%
|
CBS bonds series FEX –
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0%
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By a non-financial institution to a non-financial institutional –
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15%
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Treasury Bills (where the recipient is not a resident or a non-resident financial
institution as defined in the Financial Institutions Act, 2004 or carrying on the
business as an insurer as regulated under Insurances Act, 2008 –
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5%
|
Treasury Bills (where the recipient is a resident or a non-resident financial institution as
defined in the Financial Institutions Act, 2004 or carrying on the business as an insurer as
regulated under the Insurances Act, 2008 –
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0%
|
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7. The rate of withholding from the gross payment made to a specified
business listed in the Fourth Schedule
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5%
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8. The rate of withholding tax under Section 65 when a valid tax invoice is not provided
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33%
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9. (II) In respect of a promoter, agent, or similar person under Section 66:
Paying remuneration to a non-resident entertainer or sports person in respect
of a performance in sporting event in Seychelles
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15%
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Responsible for collecting the gross receipts from performance or sporting event
in Seychelles by a theatrical, musical, or other group of non-resident entertainers
or sports persons
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(a) In the case of a dividend, interest, royalty, natural resource
amount, or technical service fee
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15%
|
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(b) In the case of an insurance premium
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5%
|
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