A. Value Added Tax/Sales Tax (National Goverment)
1. Name of Tax, Levied in Terms of Which Act (Name, Number and Year)
Goods and Services Tax in terms of the Goods and Services Tax Act 2001 and Regulations, commonly referred to as GST.
Goods and Services Tax Act and Regulations 2001 came into effect on 1 January 2002 to replace the Trades Tax Act 1992 and Regulations
This tax is most commonly referred to as a Sales Tax as it is collected from the customers and passed on to the Government
2. Department Responsible for Administration
The Seychelles Revenue Commission (hereinafter referred to as SRC) headed by the Revenue Commissioner, (hereinafter referred to as the Commissioner).
3. Taxpayer
The Act has the scope to levy taxes on:
(a) specified goods imported into Seychelles
(b) specified goods manufactured or produced in Seychelles collected from the manufacturers and specified services collected from the service provider
(c) selected manufacturers of locally produced goods
Currently, tax is only levied on a specified list of locally produced goods and locally provided services
Taxpayers currently subject to such tax are those included in the manufacture of soft drinks, alcohol and cigarettes
There are presently a total of 25 service providers that are liable to Goods and Services Tax
They include accountants, surveyors, medical and legal practitioners, tour operators, tourism hotels receipts.
A full listing of all locally manufactured goods and services subject to this tax is contained in Schedule 1 and 2 of the GST Act
4. Time When Tax is Levied
The calculation of the tax is based on total sales revenue received by the business during each month and the tax is payable on or before the 21st day of the following month. For example, January GST collected by a business from the clients is due on the 31st January and payable on or before 21st February.
In respect of the GST on Services, the tax is levied on the total payments received for services by the business during each month and is due to be paid at the end of each month, or on or before the 21st day of the following month.
5. Included in Tax Base
6. Positive Rates
The Regulations provide for various rates to be applied depending on the nature of the activities of each manufacturer or service provider. They are as follows:
SCHEDULE 1
Regulations 12(1) and 13(a)
LOCALLY MANUFACTURED GOODS
DESCRIPTION RATE
1. Cigarettes R. 104.00 per 200 cigarettes
2. Beer R. 20.35 per litre
Celebration Brew R. 17.55 per litre
3. Guinness R. 17.55 per litre
4. Soft Drinks R. 0.80 per litre
5. Fortified Fermented Beverages including flavoured fortified wine and liqueurs R. 20.25 per litre
6. Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80% vol:
spirits, liqueurs and other spirituous beverages;
compound alcoholic preperations of a kind used for the manufacture of beverages R. 67.50 per litre
SCHEDULE 2
Regulations 12(2) and 13(b)
SERVICES
DESCRIPTION RATE
1. A person carrying on the business of an accountant, bookeeper or auditor 15%
2. A person carrying on the business of an architect or draughtsman 15%
3. A person carrying on the business of a surveyor, excluding marine surveyor 15%
4. A person carrying on the business of marine surveyor 5%
5. A person carrying on the business of a tax agent 15%
6. A person carrying on the business of an auctioneer 15%
7. A person carrying on the business of an insurer 12%
8. A person carrying on the business of an engineer 15%
9. A person carrying on the business of medical practitioner 5%
10. A person carrying on the business of a dentist 5%
11. A person carrying on the profession of an optician 5%
12. A person carrying on the business of a legal practitioner (except when providing services under a legal aid scheme and when providing services to public bodies under section
13(1) of the Legal Practical Act by the Dept. of Legal Affairs) 15%
13. A person carrying on the profession of a notary 15%
14. A person providing secretarial services 15%
15. Cable and Wireless (Seychelles) Limited and Telecom (Sey) Ltd 10%
16. (i) Travel agent on own services 6%
(ii) Travel agent on contracted services 0%
17. (i) Tour Operator own services 6%
(ii) Tour Operator contracted services 0% 18. Licensee of licensed hotels 7%
19. Licensee of licensed guest houses or self-catering establishment 7%
20. A person carrying on the business of management consultant 15%
21. A person carrying on the business of property management 05%
22. A person carrying on the business of estate agent 05%
23. Public Utilities Corporation for the supply of water 05%
24. Public Utilities Corporation for the supply of Electricity as follows
1. Domestic Sector Tariff 110 0-300 kWh 0.00 exceeding 300-400 kWh 0.80 exceeding 400-500 kWh 0.90++++++++++++++ exceeding 500 kWh 1.00 Domestic Sector Tariff 120 0-300 kWh 0.00 exceeding 300-400 kWh 0.80 exceeding 400-500 kWh 0.90 exceeding 500 kWh 1.002.
Commercial and Industrial Sector Tariff 210 0-200 kWh 0.00
Commercial and Industrial Sector Tariff 220 0-500 kWh 0.00 exceeding 500-1000 kWh 0.12 exceeding 1000 kWh 0.5225.
Licensee Café or restaurant operated from premises leased from
or withina licensed hotel, Guest House or Self Catering Establishment 07%
7. List of Goods/Services at Zero Rate
8. List of Goods/Services at Positive Rates Other Than Standard
9. List of Exemptions
The Minister of Finance may by order in writing and subject to such conditions as he thinks fit, exempt any person from complying with the GST Act and RegulationsOther goods exempted by the Minister of Finance in the national interest and where such goods are manufactured for the purpose of export
10. Tax Period
Monthly self assessment where the Beneficiary of the Revenue is the Government of Seychelles
11. Deferement Schemes/Special Schemes
12. Beneficiary of Revenue
B. Excise Taxes Alcohol (National Government)
1. Name of Tax Levied in Terms of Which Act (Name, Number and Year)
2. Department Responsible for Administration
3. Taxpayer
4. Included in Tax Base
5. Tax Rate (Tariff Heading, Description, Rate Per Litre or Per Litre of Absolute Alcohol)
6. Rebates
7. Beneficiary of Revenue
C. Excise Taxes Tobacco Products (National Government)
1. Name of Tax Levied in Terms of Which Act (Name, Number and Year)
2. Department Responsible for Administration
3. Taxpayer
4. Included in Tax Base
5. Tax Rate (Tariff Heading, Description, Rate Per Kilogramme, or Per 10 cigarettes/Cigars)
6. Rebates
7. Beneficiary of Revenue
D. Excise Taxes Fuel/Hydrocarbon Oils (National Government)
1. Name of Tax Levied in Terms of Which Act (Name, Number and Year)
Administered by the Registrar General Department
2. Department Responsible for Administration
3. Taxpayer
4. Included in Tax Base
5. Tax Rate (Rate of Duty Per Litre, Total Tax Burden as a Percentage of Retail Price)
6. Rebates/Concessions/Special Schemes
7. Beneficiary of Revenue
E. Excise Taxes - Non Alcoholic Bevarages/Other (National Government)
1. Name of Tax Levied in Terms of Which Act (Name, Number and Year)
Administered by the Director Social Security Fund under the Social Security Act 1987
2. Department Responsible for Administration
3. Taxpayer
All persons employed
4. Included in Tax Base
Gross emolument paid to each employee
5. Tax Rate (Tariff Heading, Rate Per Litre, or Per Kilogramme, or Per Unit)
Rate of Social Security Fund Contribution
Employee 5% Flat
Employer 0- 1000 10%
1001- 2000 20%
2001-10000 35%
10,001+ 40%
6. Rebates
7. Beneficiary of Revenue
Government of Seychelles
F. Excise Duty on Luxury Goods - Ad Valorem (National Government)
1. Name of Tax Levied in Terms of Which Act (Name, Number and Year)
None
2. Department Responsible for Administration
3. Taxpayer
4. Included in Tax Base
5. Tax Rate
6. Special Methods (to deal with the specific needs of some industries)
7. Beneficiary of Revenue
G. Excise Duty on Other Goods (National Government)
1. Name of Tax Levied in Terms of Which Act (Name, Number and Year)
2. Department Responsible for Administration
3. Taxpayer
4. Included in Tax Base
5. Tax Rate (specify ad valorem or specific)
6. Special Methods (to deal with the specific needs of some industries)
7. Beneficiary of Revenue
H. Air Passenger Duty/ Departure Tax (National Government)
1. Name of Tax Levied in Terms of Which Act (Name, Number and Year)
All persons in possession of a licence
2. Department Responsible for Administration
Administered by the Seychelles Licensing Authority
3. Taxpayer
All Licence Holders
4. Included in Tax Base
N/A
5. Tax Rate
Set Rates for Specific Licences
6. Exemptions
7. Beneficiary of Revenue
I. Financial Transaction Taxes/Stamp Duty (National Government)
1. Name of Tax and Levied in Terms of Which Act (Name, Number and Year
2. Department Responsible for Administration
3. Taxpayer
4. Included in Tax Base
5. Tax Rate
6. Exemptions
7. Beneficiary of Revenue
J. Payroll Taxes/Social Security Taxes (National Government)
1. Name of Tax and Levied in Terms of Which Act (Name, Number and Year
2. Department Responsible for Administration
3. Taxpayer
4. Included in Tax Base
5. Tax Rate
6. Exemptions
7. Beneficiary of Revenue
K. Other Taxes (National Government)
1. Name of Tax and Levied in Terms of Which Act (Name, Number and Year
2. Department Responsible for Administration
3. Taxpayer
4. Included in Tax Base
5. Tax Rate
6. Exemptions/Rebates/Deferments/Special Schemes
7. Beneficiary of Revenue
L. Other Taxes 2 (National Government)
1. Name of Tax and Levied in Terms of Which Act (Name, Number and Year
2. Department Responsible for Administration
3. Taxpayer
4. Included in Tax Base
5. Tax Rate
6. Exemptions/Rebates/Deferments/Special Schemes
7. Beneficiary of Revenue