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Rulings - Getting Help Understanding The Law

Providing assistance in the form of advice and guidance on the application of the laws administered by the Commissioner is central to the role of the Seychelles Revenue Commission. The provision of this assistance enables taxpayers and employers to understand and meet their obligations and be aware of their rights and entitlements.

There are 3 types of advice and guidance on the application of the laws, namely:

Public Rulings
A public ruling is a published statement that is intended to contain advice on the way the law applies in defined circumstances that are common to many taxpayers and employers. A taxpayer or employers can rely on a public ruling if it coincides with their particular circumstances.

The primary audience for public rulings are tax professionals or taxpayers and employers who have a technical understanding of the underlying law. However, the subject matter will influence the level of technical precision necessary, it being greater where the issues are complex at law. >> more

Private Rulings
A private ruling is provided in writing and applies to a particular taxpayer or employer in relation to their specific circumstances. It is based on the facts relevant to the scheme defined in the private ruling application, and on any assumptions that are made. In effect, it allows taxpayers and employers to be notionally assessed on an existing or proposed transaction.

A taxpayer can choose not to rely on the ruling, and can have the ruling reviewed if they disagree with it. >> more

Written Guidance
Seychelles Revenue Commission guidance is provided to help taxpayers and employers understand their obligations and entitlements under the laws administered by the Commissioner. Guidance provides general assistance and, especially for published products, is simply expressed, often provides step by step guidance and does not cover all possibilities. Generally, it does not address the taxpayer's or employer’s specific circumstances.

A taxpayer or employer who relies on guidance that is found to be incorrect, or misleading and the taxpayer or employers makes a mistake as a result, will have to pay the tax that would otherwise be payable under the law but will be protected against shortfall penalty and surcharges, and, if they have relied on the guidance reasonably and in good faith, against interest penalties and surcharges. >> more

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
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