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The Income tax rates and personal allowances in Seychelles are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Seychelles Tax Calculator 2019.
Tax Rate | Taxable Income Threshold | ||
---|---|---|---|
0% | Income from SR 0.000.00 | to | SR 102,666.00 |
15% | Income from SR 102,666.01 | to | SR 120,000.00 |
20% | Income from SR 120,000.01 | to | SR 996,000.00 |
30% | Income from SR 996,000.01 | and above |
Tax Rate | Taxable Income Threshold | ||
---|---|---|---|
15% | Income from SR 0.000.00 | to | SR 120,000.00 |
20% | Income from SR 120,000.01 | to | SR 996,000.00 |
30% | Income from SR 996,000.01 | and above |
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Seychelles periodically and typically updated each year. Not that not all tax rates and thresholds in Seychelles change annually, alterations to tax policy to support strategic economic growth in Seychelles mean that the certain areas may be focused on to provide specific tax relief in Seychelles or support growth in certain areas (overseas invstment in Seychelles for example may mean reduced non-resident income tax rates in Seychelles for a period).
When tax policy in Seychelles changes, the resultant tax tables also change. Tax tables in Seychelles are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Seychelles, the Seychelles tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Seychelles for example).
Seychelles Tax Tables may also be referred to as Seychelles Tax Slabs, Seychelles personal allowances and tax thresholds or Seychelles business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2019 tax rates and thresholds used within the 2019 Seychelles Salary Calculator. This means that if you are aware of a 2019 tax exemption or 2019 tax allowance in Seychelles that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Seychelles Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Seychelles Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Seychelles simple, we achieve this my making the Seychelles tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2019 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2019 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Seychelles income tax rates and personal allowances used in the associated income tax calculator for the same tax year.