The Seychelles Revenue Commission has issued a notice on the introduction of a new progressive individual income tax effective 1 June 2018. The system being replaced includes a flat rate of 15%, which is a final withholding tax for non-resident individuals. Under the new system the rates are based on monthly income as follows for resident individuals:

• up to SCR 8,555.50 – 0%
• over SCR 8,555.50…