On 16 March 2015, Seychelles published in its Official Gazette the statutory instrument ratifying the pending income tax treaty with Guernsey. The treaty, signed 27 January 2014, is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Guernsey income tax, and Seychelles business tax, income and non-monetary benefits tax, and petroleum income tax. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise of one Contracting Party furnishes services in the other Contracting Party through employees or other engaged personnel for the same or connected project for...