Seychelles: Taxes and Costs

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The Seychelles' rental income tax is high

The Seychelles have territorial taxation, so only locally-sourced income is taxed.

Rental Income Tax

There is no income tax. However, rental income on residential property is covered by the Business Tax Act 1987, which governs company taxation in the Seychelles.

The Act states that resident, non-resident corporate and non-corporate businesses are liable to pay business tax on their income derived from the Seychelles. Income is defined as all income received by a sole trader, partnership, trust estate or company, less a number of types of exempted income. The proceeds of rental properties other than dwellings are excluded – i.e., rental income from letting dwellings is taxable.

Repairs, expenses incurred relating to lease documents, and other expenses in producing rental income are deductible against the gross rental income.

The following tax rates apply to all individuals:

Note that an entity with a Certificate of Approval under the Investment promotion Act 1994 may be exempt from part of all of the Business Tax, or may have special deductions or tax credits.

Capital Gains Tax

There is no capital gains tax in the Seychelles.

Seychelles - more data and information

• Guide to buying houses and registering property sales in Seychelles

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