Seychelles Business Tax Calculator
Compute annual corporate liabilities under the Seychelles Revenue Commission (SRC). Model the progressive standard regime (15% on first 1M SCR • 25% on excess), the preferential tourism/fisheries rate (15%), telecommunications/banking (33%), and the micro-enterprise presumptive tax (1.5%).
📊 Financials & Industry Classification
Select statutory tax classification and enter annual financial figures.
Annual Return Lodgment: 31st March. Quarterly Pay-As-You-Go (PAYG) remittances required for entities with tax liability > SCR 10,000/yr.
⚖️ Seychelles Corporate Business Tax Matrix (SRC 2026)
Statutory rates, deductions, and turnover rules by enterprise category.
| Regime / Industry | Statutory Tax Rate | Thresholds & Deductions | Accounting & Audit Requirements |
|---|---|---|---|
| General Commercial & Trading | 15% • 25% | 15% on first SCR 1,000,000; 25% on net profit excess | Standard accrual accounts, audited if turnover > SCR 20M. |
| Tourism, Agriculture, Fisheries | Flat 15% | No upper bracket tier; preferential investment incentive | Subject to Ministry certification and valid operating license. |
| Telecommunications & Banking | 25% • 33% | 25% on first SCR 1,000,000; 33% on net profit excess | Central Bank of Seychelles (CBS) regulatory supervision. |
| Micro-Enterprise Presumptive | 1.5% Gross | Turnover strictly capped at SCR 1,000,000 per year | Simplified cash receipt logs; no complex expense itemization. |
📖 Allowable Deductions & Capital Allowances
Under the Seychelles Business Tax Act, allowable deductions include all expenditures incurred wholly and exclusively in the production of assessable corporate income:
- Operating Expenses: Staff salaries, employer SPF (3%), office rent, utilities, insurance, marketing, and commercial vehicle maintenance.
- Depreciation (Wear & Tear): Statutory depreciation rates apply to capital assets: commercial vehicles (20%), plant & machinery (20%), IT/computers (33.3%), and business buildings (4%).
- Loss Carry-Forward: Operating tax losses can generally be carried forward for up to five consecutive tax years to offset against future taxable profits.
🛡️ Pay-As-You-Go (PAYG) & Compliance Filing
The Seychelles Revenue Commission enforces a strict Pay-As-You-Go mechanism for corporate taxpayers:
- Quarterly Tranches: Businesses remit provisional payments by the 21st day following the end of each quarter (April, July, October, January).
- Calculation Basis: Installments are benchmarked on the previous year's assessed tax liability or estimated current-year forecast.
- Year-End Reconciliation: The final audited tax return and residual balancing payment are due no later than 31st March of the following calendar year.
❓ Frequently Asked Questions • Seychelles Corporate Taxation
Official clarifications based on SRC regulations and guidelines.
What are the standard corporate business tax rates in Seychelles? ▼
Under the Seychelles Business Tax Act administered by the Seychelles Revenue Commission (SRC), standard domestic corporations pay 15% on the first SCR 1,000,000 of net taxable profit, and 25% on any taxable profit exceeding SCR 1,000,000.
Who qualifies for the 1.5% presumptive tax regime in Seychelles? ▼
The presumptive tax regime is designed for micro-enterprises and sole proprietors with an annual gross turnover not exceeding SCR 1,000,000. Under this regime, businesses pay a simplified flat 1.5% tax on total gross turnover, exempting them from full corporate accounting and audit filing mandates.
What tax incentives apply to tourism, agriculture, and fisheries? ▼
To stimulate vital sectors of the island economy, businesses operating in tourism (hotels, certified guesthouses, licensed boat charters), sustainable fisheries, and farming qualify for a flat preferential business tax rate of 15% across their entire net taxable profit, bypassing the higher 25% bracket.
Which businesses pay the higher 33% tax rate in Seychelles? ▼
Telecommunications providers, commercial banks, offshore banking units operating domestically, insurance companies, and licensed alcoholic beverage/tobacco manufacturers are subject to higher tiers: 25% on the first SCR 1,000,000 of taxable profit and 33% on all taxable profit above SCR 1,000,000.
When must Seychelles corporate business tax returns be filed? ▼
Annual business tax returns and final balance payments must be filed with the Seychelles Revenue Commission (SRC) by 31st March following the end of the tax year. In addition, established companies must pay provisional quarterly or monthly Pay-As-You-Go (PAYG) installments during the financial year.
Engr. Muhammad Shahzad
Verified Author • Systems EngineerPrincipal Hardware & Web Systems Engineer specializing in automated corporate taxation modeling, cross-border fiscal frameworks, and client-side enterprise software. Tax logic modeled in compliance with the Seychelles Revenue Commission (SRC) Business Tax Act.
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📊 Seychelles Revenue Commission (SRC) & SPF Statutory Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (SCR) |
|---|---|
| Primary Net / Statutory Payable Amount | SCR 0.00 |
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Seychelles Revenue Commission & SPF Pension Lead Architect
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.