FAQ's

Taxation

Q.Is there any inheritance or gift tax in Seychelles?
A. No, there is neither inheritance nor gift tax in Seychelles.

Q.Is there any capital gains tax in Seychelles?
A.No, there is no capital gains tax in Seychelles.

Business Tax Rates

Q.Are there any business taxes payable in Seychelles?
A.These rates have changed fairly recently and there is no longer a threshold for companies. Companies earning up        to SCR1,000,000 will be taxed at a rate of 25%. Above SCR1,000,000 the rate is 33%.
       For non companies, ie, sole traders and partnerships, the first SCR100,000 is taxed at 0%, from SCR100,001 to        SCR1,000,000 is taxed at 18,75% and above SCR1,000,000 at 33%.

Withholding Tax

Q.Is there any withholding tax on foreign dividends?
A.If the villa is owned by a local Seychelles company and the rental is distributed by way of dividend to a foreign        shareholder of such property owning company, a withholding tax at the prevailing rate (currently 5%) will be        payable. This is a final tax, meaning that the dividend will not be considered income for income tax purposes.

Q.What are the tax implications in having shares in an IBC?
A.A Seychelles International Business Company (“IBC”) is not subject to any tax or duty on income or profits. A        shareholder of a Seychelles IBC is also not subject to any tax on his income derived from the IBC. In a similar        fashion, a Seychelles IBC is also exempt from any stamp duties on all transactions relating to its business, and on        any transactions in respect of the shares, debt obligations or other securities of the IBC.
       If the villa is owned by a local Seychelles company, the shares of which are owned by a Seychelles IBC, and the        local property owning entity then pays a dividend to the IBC, the 5% withholding tax on dividends will be payable.