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In exercise of the powers conferred by section 19(1) of the Income and Non-Monetary Benefits Tax Act (Cap 273) the Minister of Finance, National Planning and Trade makes the following regulations. In line with S.I. 19 of 2024, businesses with employees must now use and submit the payroll withholding statement, simplified payroll withholding statement or […]

Nearing the tax deadline of the 31 March 2024, the Seychelles Revenue Commission (SRC) has today announced that effective 25 March until 28 March 2024, the Commission will open its doors at Maison Collet Head Office for lodgment and payment of taxes from 8am up to 3pm. The early opening hours set, is in view

The Seychelles Revenue Commission (SRC) has since Friday, 8 March 2024, met with a group of registered tax agents and accountants in a forum, as part of its strategy to provide a communication platform between the tax agents, accountants and the Commission. The session which started with the Commissioner of Tax, Ms. Gayathri Chetty delivering

The Seychelles Revenue Commission (SRC) is advising taxpayers to adhere to the new regulations related to the filing of the withholding tax and the residential rent tax return. Following amendments made to the Business Tax Act, effective February 2024, taxpayers deriving income from the rental or leasing of a building or part of a building

March remains the busiest period for the Seychelles Revenue Commission (SRC). As customary, this is the last month where businesses can lodge and pay their business or presumptive tax ahead of the closure of the annual tax year deadline for 2023 set on 31 March, 2024. To alleviate the constraints being experienced during this peak

To encourage compliance towards monthly tax obligations and to further streamline its processes, the Seychelles Revenue Commission (SRC) has introduced new return forms for each specific tax type and a tax payment slip to be used for all related tax payments. The specific tax type return forms introduced since January 2024 in pilot phase at

The Seychelles Revenue Commission (SRC), has this week welcomed a delegation from the United Nations Office on Drugs and Crime (UNODC) on a ten-day working mission into the Seychelles, to conduct a training on the ‘UNODC-WCO Container Control Programme (CCP). The theoretical training set to empower customs officers and related agencies dealing with importation at

The Seychelles Revenue Commission (SRC), has last week, welcomed Mr. Ashish Heliwal on his second work mission in the Seychelles, under the Tax Inspectors Without Borders (TIWB) Programme. Following his last visit in October 2023, Mr. Heliwal has this time further extended his expertise in transfer pricing policies and regulations by hosting a dedicated training

Following a review on the concessions available to licensed cargo ferry vessels held late last year, the Inland Revenue Unit of the Customs Division of the Seychelles Revenue Commission (SRC) is encouraging all licensed cargo ferry vessel to claim the concession being provided on fuel consumption which has now been extended throughout the year 2024.

After having successfully received the validation of the Seychelles Qualification Authority, the Seychelles Business Studies Academy (SBSA) will soon be introducing a new local taxation course as part of two newly re-accredited diploma programs; Diploma in Accounting and Finance and Diploma in Business Management and Administration. The course, developed in partnership with the Seychelles Revenue