Who must file a tax return?

All residents with taxable income must file a tax return. Non-residents must file if they have Seychelles-source income.

What is the filing deadline?

Tax returns must be filed by March 31 of the following year.

How is foreign income taxed?

Foreign income is taxed for residents, but non-residents are only taxed on Seychelles-source income.

Are capital gains taxable?

Seychelles does not impose a capital gains tax.

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Rank #30

Seychelles

Eastern Africa • UTC+4 • Indian/Mahe

Monthly Cost

$1,842

-16% vs USA

Internet

85 Mbps

Mobile Avg

Monthly Cost

$1,842

-16% vs USA

Internet

85 Mbps

Mobile Avg

Seychelles Personal Income Tax

Seychelles applies a flat personal income tax rate. The system is territorial, meaning non-residents are only taxed on Seychelles-source income.

Income Tax

15%

Flat rate on personal income

Corporate Tax

25%

Standard corporate tax rate

VAT / GST

15%

Standard VAT rate

Nomad Visa

Available

Seychelles Digital Nomad Visa

Tax System Overview

Seychelles operates a territorial tax system with a flat personal income tax rate. Non-residents are taxed only on Seychelles-source income.

System Type

Territorial with flat personal income tax

Resident Taxation

Residents are taxed on worldwide income.

Non-Resident Taxation

Non-residents are taxed only on Seychelles-source income.

Tax Year

January 1 – December 31

Income Tax Bands

Seychelles applies a flat personal income tax rate of 15% on all taxable income.

Tax Treaty

Double Taxation Agreements help prevent double taxation on income earned in multiple countries.

United Kingdom

Treaty Active

Income Covered:Dividends, interest, royalties, and employment income.

Withholding Tax Rates:Reduced rates: dividends 5%, interest 10%, royalties 10%.

Residency Rule:Residency determined by permanent home and 183-day rule.

Tax Credit:Foreign tax credit available to avoid double taxation.

The treaty between Seychelles and the UK aims to prevent double taxation and fiscal evasion with respect to taxes on income.

Key Benefits

Prevents double taxation on income earned in both countries.
Reduced withholding tax rates on dividends, interest, and royalties.

Totalization Agreement

These agreements ensure workers do not pay social security contributions in two countries simultaneously.

Mauritius

Agreement Active

The agreement with Mauritius prevents double social security contributions for workers moving between the two countries.

Coverage Areas

Old-age pensionsDisability benefitsSurvivor benefits

Facts

Allows workers to combine contribution periods for pension eligibility.
Applies to employees and self-employed individuals.

Other Countries with Agreements

India

South Africa

Business & Freelancing

Corporate Tax Rate

25% standard rate for companies

VAT Registration

Mandatory for businesses with annual turnover exceeding SCR 1 million.

Freelancer Rules

Freelancers are subject to the same flat income tax rate of 15%.

Crypto Policy

Cryptocurrency gains are not specifically taxed, but general income tax rules apply.

Frequently Asked Questions

Digital Nomad & Benefits

Visa Details

Minimum Income:SCR 36,000/month

Duration:1 Year, renewable

Renewal:Renewable annually

Proof of Employment:Remote work contract or business ownership

Additional Requirements:Health insurance, clean criminal record

Tax Perks

No capital gains tax
Flat 15% personal income tax rate

Filing Roadmap

Register for Tax

Obtain a Tax Identification Number (TIN) from the Seychelles Revenue Commission.

Gather Income Documents

Collect all relevant income documents, including employment slips and bank statements.

File Tax Return

Submit your tax return online or in person by March 31.

Pay Any Tax Due

Ensure any taxes owed are paid by the filing deadline to avoid penalties.