The Seychelles government has announced several significant tax and regulatory changes in the 2026 national budget. Pool & Patel has prepared this summary to help businesses understand the key changes and their implications.
Business Tax
The standard business tax rate remains at 25% for the first SCR 1 million of taxable income and 33% thereafter. However, the budget introduces several changes to allowable deductions and reporting requirements:
- Enhanced capital allowances for investment in technology and digital infrastructure.
- New reporting requirements for businesses with annual turnover exceeding SCR 5 million.
- Clarification of transfer pricing rules for transactions between related parties.
GST/VAT Changes
The GST registration threshold has been adjusted, and several changes to the treatment of financial services and digital transactions have been introduced. Businesses should review their GST registration status and ensure compliance with the updated rules.
Employment Tax
Updates to social security contribution rates and the introduction of new compliance requirements for businesses employing expatriate workers. Employers should review their payroll processes to ensure full compliance.
What you should do
We recommend that all businesses review the budget changes and assess their impact on operations and tax obligations. Pool & Patel’s tax team is available to discuss the implications for your specific circumstances. Please contact us to arrange a consultation.