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 up to 10,000 – 15% over SCR 10,000 up to 85,333 – 20% over SCR 85,333 – 30% For non-resident individuals, the rates are: up to SCR 10,000 – 15% over SCR 10,000 up...