Effective Tax Rate on Rental Income
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Global Property Guide
The Seychelles have territorial taxation, so only locally-sourced income is taxed.
Nonresident individuals are generally taxed at a flat rate of 15%.
Rental income on residential property earned by nonresident individuals is taxed at a flat rate of 15%. No deductions are allowed.
There is no capital gains tax in the Seychelles.
There are no property taxes in the islands.
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
|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|