The Seychelles Ministry of Finance, Economic Planning, and Trade has published the documents for the National Budget 2022, including the Budget Speech delivered on 12 November 2021. The main proposed tax measures of the budget include: New standard business tax rates as first announced as part of Budget 2021 will be introduced from January 2022, with the following rates applied for most sectors, including those previously eligible for reduced rates: 15% on profits of up to SCR 1 million (down from 25%); and 25% on profits above SCR 1 million (down from 30%); The upper tax rate on businesses in...