Tax on property income in Seychelles
December 19, 2017
Effective Tax Rate on Rental Income |
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| Monthly Income | US$1,500 | US$6,000 | US$12,000 |
| Tax Rate | |||
| Click here to see a worked example | |||
| Source: Global Property Guide |
Disclaimer | ||
INDIVIDUAL TAXATION
The Seychelles have territorial taxation, so only locally-sourced income is taxed.
INCOME TAX
Nonresident individuals are generally taxed at a flat rate of 15%.
RENTAL INCOME
Rental income on residential property earned by nonresident individuals is taxed at a flat rate of 15%. No deductions are allowed.
CAPITAL GAINS
There is no capital gains tax in the Seychelles.
PROPERTY TAX
There are no property taxes in the islands.
CORPORATE TAXATION
INCOME TAX
Income and capital gains earned by companies are subject to corporate income tax, which are levied at progressive rates. Taxable income is calculated as gross income less income-generating expenses.
BUSINESS TAX FOR CORPORATIONS |
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| TAXABLE INCOME, SCR (US$) | TAX RATE |
| Up to 1,000,000 (US$74,074) | 25% on band over US$74,074 |
| Over 1,000,000 (US$874,074) | 33% on all income over US$74,074 |
| Source: Global Property Guide | |