iCalculator™ SC"Informing, Educating, Saving Money and Time in Seychelles"
SC Tax 2020

Seychelles Tax Tables 2020 - Tax Rates and Thresholds in Seychelles

Rate and Share, Show you Care 😊 Your feedback and support helps us keep this resource FREE for all to use, thank you.
[ Votes ]

This page contains the tax table information used for the calculation of tax and payroll deductions in Seychelles in 2020. These tax tables are used for the tax and payroll calculators published on iCalculator™ SC, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Seychelles or would like to add to or suggest amendments to the information herein then please contact us.

Seychelles Personal Income Tax Tables in 2020

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 2020.

Seychelles Residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from SR 0.000.00to 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
Seychelles Non-residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
15%Income from SR 0.000.00to 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

In the Seychelles, contributions to the social security system, specifically those made to the Seychelles Pension Fund (SPF) by employees, are deductible from their taxable income. This means that the amounts contributed by employees to the pension fund can be subtracted from their gross income before calculating the income tax due. This provision encourages saving for retirement while providing tax benefits to employees, reducing their overall taxable income and, consequently, their tax liability.

Seychelles Social Security and Payroll Deduction Rates in 2020

The social security system in Seychelles encompasses a variety of contributions and deductions aimed at safeguarding the economic well-being of its citizens. Managed by the Seychelles Pension Fund (SPF) and other institutions, these deductions fund benefits for retirement, health care, and other social welfare needs. Here's a breakdown of the key components of the system and their purposes.

Seychelles Social Security in 2020: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Seychelles National Provident Fund (SNPF)3%10%13%
Social Security Contributions0%10%10%
Income and Non-Monetary Benefits Tax (INMBT)0%15%15%
Seychelles Social Security and Payroll Deduction in 2020: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Seychelles National Provident Fund (SNPF)n/an/an/an/a
Social Security Contributionsn/an/an/an/a
Income and Non-Monetary Benefits Tax (INMBT)n/an/an/an/a

The social security and payroll deduction system in Seychelles plays a critical role in promoting the social and economic well-being of its workforce. By providing comprehensive coverage for various risks and life events, the system underscores the government's commitment to protecting its citizens and fostering a supportive environment for both employees and employers.

Seychelles VAT Rates in 2020

VAT rates for Seychelles are reviewed annually, you can use the VAT Calculator to calculate VAT due in Seychelles or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Seychelles VAT Rates
VAT RateVAT Description
15%Standard Rate

Historic Tax Tables supported for Seychelles

The following tax tables are supported by iCalculator™ SC as part of the suite of free tax tools we provide for Seychelles.