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Seychelles Announces Tax System Review with OECD

15 July 2019

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Proposed Changes

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Seychelles

The Seychelles Ministry of Finance has issued a press release announcing that a review of the country's tax system is to be carried out from 22 to 26 July 2019 with the OECD. The review will include a number of consultative sessions during the week on a new business tax regime, including. Discussion on areas for business tax simplification; Discussion of the advantages/ disadvantages of the use in Seychelles of: differentiated statutory CIT rates across sectors; a progressive CIT rate schedule (including a 0% rate); Assessment of the domestic investment climate including the impact of a wide range of special...