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Business Tax Concessions


Your best source on information about concessions you may already have is to look on your concession certificate. You can follow the links below if you have not applied for a certificate. This will give you guidance as to what types of business tax concessions are available.
Agriculture and Fisheries (Incentives) Act (AFIA)

In accordance with Section 3 of the Agriculture and Fisheries (Incentives) Act 2005, the following person shall be granted incentives in accordance with the provisions of this Act.
  • Farmers
  • Farming entities
  • Agricultural processors
  • Agricultural exporters
  • Fishermen
  • Boat owners
  • Fisheries processors
  • Fisheries exporter
A relevant person shall
  • be entitled to business tax concessions specified in Part 1 of Schedule 1
  • pay Social Security contributions under the Social Security Act in accordance with part 2 of Schedule 1
Schedule 1 - Incentives for Agriculture

Relevant Person Business Tax Rate
Farmer 0%
Farming Entity SR 0 to SR 240, 000 - 0%
Above SR 240, 000 - 15% flat
Agricultural Processor SR 0 to SR 240, 000 - 0%
Above SR 240, 000 - 15% flat
Agricultural Exporter Group A SR 0 to SR 240, 000 - 0%
Above SR 240, 000 - 10% flat
Agricultural Exporter Group B SR 0 to SR 240, 000 - 0%
Above SR 240, 000 - 15% flat


Schedule 2 - Incentives for Fisheries

Relevant Person Business Tax Rate
Fisherman 0%
Boat Owner SR 0 to SR 240, 000 - 0%
Above SR 240, 000 - 15% flat
Fisheries Processor SR 0 to SR 240, 000 - 0%
Above SR 240, 000 - 15% flat
Fisheries Exporter Group A SR 0 to SR 240, 000 - 0%
Above SR 240, 000 - 10% flat
Fisheries Exporter Group B SR 0 to SR 240, 000 - 0%
Above SR 240, 000 - 15% flat


Special Deduction on taxable income

Marketing and Promotion
The allowable deduction from taxable income shall be 200% of actual or qualifying expenditure. The amount qualifying for the deduction shall be 5% of turnover or the actual expenditure incurred in respect of marketing and promotion expenses whichever is lower.

Accelerated Depreciation
Rates of depreciation allowable on capital investments other than land and building will be at the following rates:
Year Percentage (%)
1 45
2 40
3 20
4 15
5 5



Tourism Incentive Act (TIA)

Schedule 5

Main Contractors and Subcontractors during Construction Phase, Major Renovation/Extension on any approved Tourism, Hotel project of SR 25 million or greater.

PART 1: Main Contractors
(ii) Royalties: Royalties paid to a non-resident shall be exempt from withholding tax

PART 2: Subcontractors
Concessions to be granted only for the following activities:
  • Electrical
  • Plumbing
  • Pest Control
  • Air Conditioning and Refrigeration
  • Blasters
Schedule 12

Business Tax
Licensed Accommodation, Island Resort Hotel Operator, Restaurant, Casino Operator, Tour Operator, Tour Guide, Water Sport Operator (Motorized and Non-Motorized), Operator of Tourism Leisure Related Activities, Helicopter Services Operator, Equestrian Tourism Operator and Car Hire Operator.
  • SR 250,000 - Nil
  • Excess over SR 250,000 - 15%
Schedule 16

Marketing and Promotion
The allowable deduction from taxable income of a business shall be 200% of actual or qualifying expenditure in respect of marketing and promotion for all of the sectors. The amount qualifying for the deduction shall be 5% of the turnover of the business or the actual expenditure incurred in respect of marketing and promotion expenses whichever is lower.

Schedule 17

Special Deduction in respect of training expenses
Expenditure of a business for the purpose of training, certified as such by the Seychelles Tourism Board, shall be an allowable deduction from the taxable income of a business to the extent of 150%of approved expenditure incurred.

Business Tax Deduction
200% Business Tax deduction on salaries paid by an employer to a qualified graduate of Seychelles Institute of Technology, Farmer’s Training Centre, Maritime Training Centre or Seychelles Tourism Academy in respect of their 12 months of full-time employment, subject to social security being paid.

150% Business Tax deduction on salaries paid by an employer to a qualifying part–time student of Seychelles Institute of Technology, Farmer’s Training Centre, Maritime Training Centre or Seychelles Tourism Academy in respect of his/her work attachment, subject to social security being paid.

Schedule 19

Part 1
Accelerated Depreciation for Accommodation Providers (allowable on capital investments other than land and building).
Year Percentage (%)
1 45
2 40
3 30
4 25
5 10


Part 2
Accelerated Depreciation for activities other than Accommodation Providers (allowable on capital investments other than land and building).
Year Percentage (%)
1 45
2 40
3 25
4 10
5 5



Know more about
Exchange Of Information
Self-Assessment for Business Tax
The Self-Assessment System – Assessing your own tax liabilities
Value Added Tax
The Tax and Customs Agent Board (TACAB)
Lodgment of Partnership Business Tax Return
Read More>>
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