Seychelles — Value-added tax (VAT)
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Seychelles's general VAT rate is 15%, with other rates including 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the Seychelles Revenue Commission (SRC) in Victoria.
Seychelles is a member of the Common Market for Eastern and Southern Africa Member, Southern African Development Community Member trading bloc, which may affect international VAT collection and regulations.
Seychelles's consumption tax is called the Value-added tax (VAT), which was introduced in January 2013.
Seychelles VAT rates for 2020
- Zero-rated and exempt
Seychelles VAT number format
Businesses in Seychelles that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Seychelles Revenue Commission (SRC), and will follow a certain format. The VAT number format is Not applicable.
Seychelles VAT return periods
Businesses in Seychelles that are required to collect tax from consumers must file regular tax returns with the Seychelles Revenue Commission (SRC) in Victoria. Seychelles's VAT return periods are:
- Annual amount of taxable supplies exceeds SCR2 million (Compulsory Registration)
- Annual amount of taxable supplies is SCR2 million or less (Voluntary Registration)
Seychelles Value-added tax (VAT) Thresholds
These are the revenue thresholds at which businesses in Seychelles are required to start collecting and remitting tax.
- Compulsory registration for businesses exceeding SCR2 million of taxable supplies for any 12-month period
Recovery of VAT by non-established businesses
Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Seychelles are not required to collect taxes from the consumer.
Seychelles VAT Refunds
Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Seychelles VAT refund program, more info can be obtained from the Seychelles Revenue Commission (SRC).
Seychelles Tax Sources & Citations
- EN: Seychelles Value Added Tax
- RU: НДС
- CN: 增值税
- Seychelles Seychelles Revenue Commission (SRC) (accessed 2020)
- Ernst & Young global VAT tax study, Seychelles (updated 2020)
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