Get Sc Src Business Activity Statement 2022-2025

Seychelles imposes no tax in place for corporations that do not conduct their business activities within the Seychelles territory. In other words, an offshore company in Seychelles pays no taxes on income generated abroad. There are also no capital gains tax, dividends, interest, inheritance, or property tax.

A Tax Identification Number (TIN) is a single and unique identifier for use in dealings with the Seychelles Revenue Commission and other Government agencies. If you are a company, partnership, trusts or other organizations, click here to register for your Tax Identification Number (TIN).

This tax applies to all employed persons earning income in Seychelles. The calculation of this tax is based on monthly emoluments, which are subject to a progressive tax rate. This means the rate increases as your pay increases. Non-monetary benefits are also taxed at a rate of 15% of the benefit's value.

What is a Business Activity Statement? The Business Activity Statement, commonly referred to as BAS, is a reporting form introduced by the Seychelles Revenue Commission (SRC) which details the monthly tax owed by the business.

Tax Rate Personal income taxMonthly bracket - Citizen employee SCR 0 to 8,555.50 0% SCR 8,555.51 to 10,000 15% SCR 10,000 to 83,000 20% Above SCR 83,000 30%5 more rows

Personal taxes Employment income of individuals is subject to income tax at the following rates for citizens: income up to SCR (Seychelles rupee) 8,555.5 per month – 0%; from SCR 8,5555 to 10,000 per month – 15%; from SCR 10,000 to 83,000 per month – 20%;

Personal taxes Employment income of individuals is subject to income tax at the following rates for citizens: income up to SCR (Seychelles rupee) 8,555.5 per month – 0%; from SCR 8,5555 to 10,000 per month – 15%; from SCR 10,000 to 83,000 per month – 20%;

As preliminary explanation, it is important to note that in Seychelles we do not have personal income tax. The residence will be determined in ance with the business tax act, section 2 defining resident person.