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Excise Tax
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What is Excise Tax?
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It is a tax levied on four excisable goods imported or locally manufactured in Seychelles:
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Cigarettes or tobacco
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Alcohol
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Motor Vehicles
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Petroleum Products
Click here to download the Excise Tax Act, 2009
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Obligations
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Manufacturer of excisable goods must:
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Registered with Trades Tax Import Division [CUSTOMS]
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Secure a bonded warehouse where Excisable goods are manufactured
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Excise Tax collected by local manufacturer on alcohol and tobacco reported on
BAS and remitted on or before the 21 day of the month.
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Imposition of Excise Tax
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Excise Tax is imposed on:
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Excisable goods removed from taxation control [bonded warehouse] by a registered manufacturer; or
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Excisable goods imported into Seychelles
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Applicable Rate of Excise Tax
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An export of excisable goods is liable to zero rate of excise tax provided
the goods have been entered for export under the Customs Legislation.
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An excisable goods removed from taxation control [bonded warehouse] is liable at the
rates specified in column 4 of Schedule 1 of the Excise Tax Act, 2009. The rate of excise tax depends on the volume
of alcohol.
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An excisable goods imported into Seychelles is liable at the rates specified in column
4 of Schedule 1 of the Excise Tax Act, 2009. Excise Tax payable on goods imported into the country is processed on a
bill of entry.
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Calculation of Excise Tax
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Excisable goods removed from bonded warehouse
Example: Ozone (Seychelles) Ltd manufactures spirits with alcoholic strength by volume
not exceeding 8% and sold 243 litres. The applicable rate of Excise Tax on alcoholic
strength by volume not exceeding 8% is SR22.27 per litre.
Excise Tax = [243 x SR22.27] = SR5, 411.61
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Excisable goods imported into Seychelles
Example: NNL Co. Pty Ltd imported a carton of vodka, 750cl = 12 bottles x .750 = 9 litres.
Excise Tax per litre = SR120.
Excise Tax = [9 litres x SR120] = SR1, 080
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Exempt Goods
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Exempt goods relates to imported vehicles designed for transportation of persons or goods, alcoholic
beverages and tobacco as specified under Schedule 2 of the Excise Tax Act, 2009.
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PENALTY AND ADDITIONAL TAX
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The imposition of penalty and additional tax is as per the Revenue Administration Act, 2009.
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Interest – Section 41
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Late Lodgement of BAS – Section 42
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Late Payment of Taxes – Section 44
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Offences
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Non registration by local manufacturer is guilty of an offence as per section 10
and on conviction is liable for a fine of not less than SR100 K but not more
than SR1.0 M
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A registered manufacturer is guilty of an offence and on conviction is liable for a fine
of not less than SR250 K or to imprisonment for not more than 6 months, or to both a fine and
imprisonment, i.e., manufacturing excisable goods in premises that are not a bonded warehouse.
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