33% standard rate.
Flat 15%.
15% standard rate.
An individual is a Seychelles tax resident if they spend at least 183 days in the country during a tax year. A company is resident if established in Seychelles, has its main management carried out in Seychelles, or if voting rights belong to Seychelles-resident shareholders. Seychelles operates a territorial system: both companies and individual residents are taxed only on Seychelles-source income, while foreign-source income remains exempt from local taxation. This isn't automatic for every entity, however - since 2019, economic substance requirements (embedded in the Business Tax Act framework) apply to International Business Companies (IBCs) conducting "relevant activities" (banking, insurance, fund management, finance/leasing, headquarters, shipping, holding, IP, distribution/service centers): such entities must demonstrate genuine Seychelles-based core income-generating activity, adequately qualified staff, operating expenditure, and physical premises to retain favorable tax treatment on relevant foreign income - pure equity-holding IBCs face a reduced substance test.
No CFC regime was identified in available sources for Seychelles, consistent with its territorial tax base (foreign-source income generally sits outside the Seychelles tax net regardless of any CFC-style attribution mechanism, subject to the economic substance carve-out above for certain IBC activities).
No thin capitalization or fixed debt-to-equity/EBITDA interest limitation rules were identified in available sources for Seychelles.
Seychelles has no domestic equivalent to the US FBAR/Form 8938 requiring Seychellois residents to self-report their own foreign accounts. Seychelles does participate in institutional cross-border transparency: it began Common Reporting Standard (CRS) automatic exchange of information in 2017 (rated "Partially Compliant" in the OECD's 2019 peer review, with enhanced enforcement following), signed a FATCA Model 1 intergovernmental agreement with the US (Seychelles Financial Institutions report US-linked account information to the Seychelles Revenue Commission, which then reports to the IRS), and signed the OECD's Multilateral Instrument (MLI) in June 2017, effective for Seychelles from April 1, 2022. Note: Seychelles was on the EU's AML "grey list" (Annex II) as of the most recent verification, with a delisting review scheduled - this affects how EU counterparties may treat Seychelles-domiciled structures and should be checked for current status.
Seychelles has concluded 28 double tax treaties (Bahrain, Barbados, Belgium, Bermuda, Botswana, China, Cyprus, Ethiopia, Guernsey, Indonesia, Isle of Man, Jersey, Kenya, Luxembourg, Malaysia, Mauritius, Monaco, Oman, Qatar, San Marino, Singapore, South Africa, Sri Lanka, Eswatini, Thailand, the UAE, Vietnam, and Zambia) plus 11 separate Tax Information Exchange Agreements (Denmark, Faroe Islands, Finland, Greenland, Guernsey, Iceland, India, the Netherlands, Norway, Sweden, and Switzerland).