Seychelles Tax Rates
Seychelles operates a progressive personal income tax system with rates up to 30%. The Seychelles Revenue Commission (SRC) administers the system, featuring a 25% corporate tax rate, 15% VAT, and no capital gains tax. Seychelles is a popular offshore financial center and tourism destination with favorable tax policies for international business companies.
Top Income Tax Rate
30%
Corporate Tax Rate
25%
VAT / Sales Tax
15%
Capital Gains Tax
0%
Detailed Tax Information
Income Tax Brackets
Seychelles levies progressive income tax with rates from 0% to 30%. The first SCR 150,000 is tax-free. Employment income is subject to PAYE withholding. International Business Companies (IBCs) are exempt from personal income tax for non-resident directors.
| Income Range | Tax Rate |
|---|---|
| Rs 0 – Rs 150K | 0% |
| Rs 150K – Rs 600K | 15% |
| Rs 600K+ | 30% |
Corporate Tax
The standard corporate tax rate is 25% on the first SCR 1 million and 30% on income above that. International Business Companies (IBCs) pay 1.5% corporate tax. Special licence companies benefit from a 1.5% rate. Companies in the tourism and fisheries sectors may qualify for incentives.
Standard Rate
25%
Capital Gains Tax
Seychelles does not impose capital gains tax. Gains from the disposal of shares, property, and other capital assets are not taxable.
Rate
0%
VAT / Sales Tax
VAT is levied at 15% on most goods and services. Essential goods and services are exempt or zero-rated. Tourism accommodation is subject to a separate tourism tax.
Standard Rate
15%
Cryptocurrency Tax
Seychelles does not impose capital gains tax on cryptocurrency. The Seychelles Financial Services Authority has provided a framework for digital asset businesses. Several major crypto exchanges are registered in Seychelles.
Tax Treaties
Seychelles has approximately 10 double taxation agreements.
Treaty Network
10
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Seychelles
See how much you could save by moving here from your current country.
+$22K
Tax in United States
$24K
24.4% effective
Tax in Seychelles
$2K
2% effective
You Save
91.8%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
