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Seychelles Introducing New Environmental Levy, Reduced Tax Rate for Fish Processing and Aquaculture, and Other Changes as Part of Budget for 2023

16 November 2022

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Proposed Changes

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Seychelles

The Seychelles Ministry of Finance, Economic Planning, and Trade has published the documents for the National Budget 2023, including the Budget Address delivered on 4 November 2022. The main proposed tax measures of the budget include: The introduction of a new environmental levy under the environment protection law that will be charged to visitors at the following rates from 1 April 2023: small hotels with 24 rooms or less, SCR 25 per night per room; medium hotels with between 25 and 50 rooms, SCR 75 per night per room; and large hotels with over 50 rooms, SCR 100 per night...