Seychelles Revenue Commission 2010-2025 Form
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People also ask
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What is the Revenue Commission Act in Seychelles?
AN ACT to establish the Seychelles Revenue Commission; to define the functions and powers of the Commission; to transfer to the Commission specified functions and powers of specified Revenue bodies and to provide for related matters. ENACTED by the President and the National Assembly.
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What is the source of revenue in the Seychelles?
The economy of Seychelles is based on fishing, tourism, processing of coconuts and vanilla, coir rope, boat building, printing, furniture and beverages. Agricultural products include cinnamon, sweet potatoes, cassava (tapioca), bananas, poultry and tuna.
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What is the tax law in the Seychelles?
Personal taxes Employment income of individuals is subject to income tax at the following rates for citizens: income up to SCR (Seychelles rupee) 8,555.5 per month – 0%; from SCR 8,5555 to 10,000 per month – 15%; from SCR 10,000 to 83,000 per month – 20%;
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What is a tax identification number in Seychelles?
A Tax Identification Number (TIN) is a single and unique identifier for use in dealings with the Seychelles Revenue Commission and other Government agencies. If you are a company, partnership, trusts or other organizations, click here to register for your Tax Identification Number (TIN).
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How much tax do you pay in Seychelles?
Tax Rate Personal income taxMonthly bracket - Citizen employee SCR 0 to 10,000 15% SCR 10,000 to 83,000 20% Above SCR 83,000 30% Non-monetary benefits 20%5 more rows
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What is the Customs Act in the Seychelles?
Passenger's Obligations Under the Customs Management Act Passengers arriving in the Seychelles must: Allow customs to examine their luggage and goods, in addition to answering any questions demanded by a Customs Officer. Open, unpack and repack any luggage for and after the end of examination by Customs Officers.
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What is the TMT act in Seychelles?
The Tourism Marketing Tax (TMT) was intro- duced on the 1st January 2013. This was put in place to get the private sector to contribute more towards tourism marketing. The pur- pose of this tax is to fund promotion activities in order to market Seychelles as the number one tourist destination in the world.
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What is the presumptive tax in the Seychelles Revenue Commission?
Presumptive Tax: Presumptive tax effectively replaces business tax on small businesses with a turnover of less than one million. The Tax is calculated by applying the relevant tax rate (1.5%) to the annual turnover of the small business. request by the Seychelles Revenue Commission.
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