Seychelles: Taxes and Costs
In Depth
Find Property
Directory
Global Statistics
Regional Statistics
- Buy/Sell Costs
- Capital Gains Tax
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Currency +/- Value
The Seychelles'
rental income tax is high
INDIVIDUAL TAXATION
The Seychelles have territorial taxation, so only locally-sourced income is taxed.
INCOME TAX
Income, except earned income, may be considered as business income and will be taxed at progressive rates.
BUSINESS INCOME TAX |
|
| TAXABLE INCOME, SCR (US$) | TAX RATE |
| Up to 24,000 (US$1,700) | 0% |
| 24,000 - 48,000 (US$3,400) | 25% on band over US$1,700 |
| 48,000 - 96,000 (US$6,800) | 30% on band over US$3,400 |
| Over 96,000 (US$6,800) | 40% on all income over US$6,800 |
| Source: Global Property Guide | |
There is no local income tax on earned income. Instead, employees and employees make social security contributions.
RENTAL INCOME
Rental income on residential property is considered as business income and is taxable. Repairs, expenses incurred relating to lease documents, and other expenses in producing rental income are deductible against the gross rental income.
Note that an entity with a Certificate of Approval under the Investment promotion Act 1994 may be exempt from part of or all of the Business Tax, or may have special deductions or tax credits.
CAPITAL GAINS
There is no capital gains tax in the Seychelles.
Seychelles - more data and information
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
RSS
Your Comments
Be the first to comment!