The rate
The standard rate in Seychelles is 15%. Some goods and services carry reduced or zero rates and others are exempt. The difference matters: zero-rated sales still let you reclaim the tax on your purchases, exempt sales do not.
Who must register
Compulsory VAT registration applies when taxable supplies made or reasonably expected in a period reach SCR 2,000,000. Voluntary registration is open to businesses with taxable supplies from SCR 100,000 up to SCR 2,000,000 since 1 January 2025.
How to register
Register when taxable supplies made, or reasonably expected, reach SCR 2,000,000 in the period. Apply to the Commissioner General within 14 days of becoming required to register, using the VAT registration form from src.gov.sc.
A business already known to the SRC receives the form to complete. A business below the threshold can apply voluntarily from SCR 100,000 of taxable supplies, but the SRC visits the premises first to check that it trades from a fixed place, keeps proper records, holds a licensed cash register and is up to date with its obligations.
The Commissioner General can refuse a voluntary applicant that has no bank account, has failed earlier voluntary registration conditions, or raises a fraud concern. Once approved, the business receives a letter, a VAT registration certificate and a VAT sticker to display at its principal place of business.
Filing and paying
Registered and filed with Seychelles Revenue Commission.
VAT returns for compulsorily registered businesses are due on the 21st of the month after the VAT period. Voluntarily registered businesses file quarterly, also by the 21st. The net VAT is paid within 21 days after the end of the VAT period (VAT Act 2010, s.35(1)).
Penalties for getting it wrong
VAT paid late carries additional tax of 10 % of the unpaid amount (Revenue Administration Act 2009, s.44) plus simple interest at the Central Bank's average prime lending rate plus three points (s.41). Failing to register when required is an offence under the VAT Act 2010.