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- Basic Facts
- Statutory Labor Requirements
- Employee Income Tax In Brazil
- Deductible Expenses In Brazil
- Immigration In Brazil
- Value Added Tax (VAT) In Brazil
- Withholding Tax In Brazil
- Terminating Employee In Brazil
- Statutory Employee Benefits In Brazil
- Payroll In Brazil
- Ease Of Doing Business In Brazil
- Business Opportunities In Brazil Section
- Why Use Global Expansion To Hire Your Employees In Brazil
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BASIC COUNTRY FACTS
Republic of Seychelles
Victoria
- French
- English
- Seychellois Creole
96,762
Seychellois rupee
.sc
+248
Seychellois rupee
STATUTORY LABOR REQUIREMENTS
Probation Period
- Probationary period cannot exceed 6 months
Annual Leave
- Employees are generally entitled to 21 days of paid annual leave, or 1.75 days per month worked.
Public Holidays
- New Year's Day (1st January)
- Good Friday (10th April)
- Holy Saturday (1th April)
- Easter Monday (13th April)
- Labor Day (1st May)
- Corpus Christi (11th June)
- Constitution Day (18th June)
- Independence Day (29th June)
- Assumption of Mary (15th August)
- All Saints' Day (2nd November)
- Feast of the Immaculate Conception (8th December)
- Christmas Day (25th December)
Maternity Leave
- Female employees are generally entitled to 14 weeks of paid maternity leave.
- 12 additional weeks may be taken unpaid either before or after the paid leave.
Paternity Leave
- Male employees are entitled to 10 days of paternity leave
Sick Leave
- In general, employees are entitled to 30 days of paid sick leave per year, or in cases of hospitalization, 60 days.
Work Hours
- The standard work week may not exceed 60 hours or 12 hours per day.
Overtime
- Overtime is allowed of up to 60 hours per month, or 15 extra hours per week.
Notice Period
- If terminating an employee for just cause, the employer must give the following notice:
-
- Casual worker: one day
- Worker on probation: seven days
- Any other Seychellois worker: one month’s notice
- Non-Seychellois worker who is also not a casual worker and not on probation: term as specified in the employment contract, or if none specified, one month’s notice
13th Month Salary in Brazil
- Yes (Mandatory)
- There is a statutory requirement to pay the 13th month salary.
- This is equivalent to one month salary.
- The payment is relegated to nationals.
- Some employers may decide to pay the 14th month but that is discretionary.
INCOME TAX
- All individuals, whether resident or non-resident in Seychelles, are subject to personal income tax on their gross income derived from Seychelles.
- Residents are subject to tax on worldwide income.
- Taxable income includes income from employment (and fringe benefits), gains on the disposal of business assets, income from the exercise of a business or profession and investment income (dividends, interest, royalties, fees, rental income, etc.).
- Benefits in kind are subject to the non-monetary benefits tax on the value as prescribed in the law.
- The taxable amount depends on the kind of benefits.
- Individual income tax is levied on employment income at progressive rates up to 30% as per the above table.
- Tax also is levied on non-monetary benefits paid to the employee at a rate of 20%, which is paid by the employer under the monthly payroll tax filing.
|
Taxable income (SCR) – Citizens |
Rate |
|
0 – 8 555.50 |
0% |
|
8 555.51 – 10 000 |
15% |
|
10 000.01 to 83 000 |
20% |
|
Above 83 000 |
30% |
|
Non-monetary benefits |
20% |
|
Taxable income (SCR) – Non-Citizens |
Rate |
|
0 – 10 000 |
15% |
|
10 000.01 to 83 000 |
20% |
|
Above 83 000 |
30% |
|
Non-monetary benefits |
20% |
DEDUCTIBLE EXPENSES
- Expenses may be deducted only if they are incurred by an individual in gaining assessable business income
- No deduction is allowed for losses or costs (including commuting costs) incurred by an employee in deriving emoluments.
IMMIGRATION
- All foreign nationals visiting Seychelles are granted visa free access.
- They must be in a possession of a valid passport, return or onward ticket, proof of accommodation and sufficient funds.
- The Visitor’s Permit is issued free of charge and is initially valid for up to three months but it can be extended for a fee for a period of up to three months with further extensions not exceeding total period of twelve months.
- Every foreigner trying to work in Seychelles needs a Gainful Occupation Permit (GOP), also known as a work permit.
- This document allows the person to be gainfully occupied in Seychelles, either as an employee or a self-employed person.
- Either the prospective employer or the employee, in the case of a self-employed person, must fill out the application at least 10 weeks before work starts.
- A foreigner cannot enter the country with the purpose of employment before obtaining a GOP.
- Employees will also need a resident permit to live in the country.
- These permits are typically granted to people who are:
-
- Not prohibited immigrants
- Connected with Seychelles through family or other domestic options
- Making a special contribution to the country’s economic, social, or cultural life
- Throughout the application process, Seychelles considers certain factors before giving out Seychelles work permits or GOPs, including:
-
- The technical or professional qualifications of the applicant
- The applicant’s reputation, health, and character
- The availability of local people for the job
- Protection of any local interests
- The social and economic benefit the applicant can bring to the country
|
Type of Visa/Permit |
Documentation |
Validity |
Eligibility |
|
Gainful Occupation Permit (GOP) |
|
1 year |
|
VALUE ADDED TAX
- VAT is levied on the supply of goods or services in Seychelles, and on the import of goods or services
- The standard VAT rate is 15%. A 0% rate applies to certain supplies.
|
VAT |
|
|
Standard Rate |
15% |
WITHHOLDING TAX
The domestic WHT on various types of payments are as follows (the tax is a final tax for non-residents, but the rate may be reduced under an applicable tax treaty):
|
Payment |
Residents |
Non-residents |
|
Dividends |
0% |
15% |
|
Interest |
0% to 33% |
0% to 33% |
|
Royalties/Technical service fees |
15% |
15% |
|
Management fees |
15% |
15%/33% |
TERMINATION
If terminating an employee for just cause, the employer must give the following notice:
-
- Casual worker: one day
- Worker on probation: seven days
- Any other Seychellois worker: one month’s notice
- Non-Seychellois worker who is also not a casual worker and not on probation: term as specified in the employment contract, or if none specified, one month’s notice
- Severance pay may be due to the employee and depends upon the method of termination.
STATUTORY BENEFITS
- These are mandatory benefits as postulated by law
- These include probationary period, annual leave, public holidays, sick leave, maternity leave, paternity leave, overtime pay, notice period, and 13th month pay
- Statutory benefits also include social security benefits
|
Statutory Benefits |
|
Probationary Period |
|
Annual Leave |
|
Public Holidays |
|
Maternity Leave |
|
Paternity Leave |
|
Sick Leave |
|
Overtime Pay |
|
Notice Period |
|
13th month pay |
|
Social Security Benefits |
PAYMENTS AND INVOICING
- The tax year is the calendar year.
- There is no joint taxation of spouses in Seychelles.
- Spouses are taxed separately on their individual emoluments and non-monetary benefits insofar as the collection of tax is made through withholding at source.
- Filing and payment – An annual business tax return must be submitted by individuals engaged in business activities by 31 March following the end of the tax year.
- As far as employment income is concerned, income tax withheld on the emoluments of employees must be remitted to the SRC on a monthly basis, using the Business Activity Statement.
- Business tax may be remitted/paid in different ways as described in the above section.
- Income tax withheld on the emoluments of employees must be paid to the SRC by the employer on a monthly basis.
EASE OF DOING BUSINESS
- The ease of doing business index is an index created by Simeon Djankov, an economist at the Central and Eastern Europe sector of the World Bank Group.
- Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.
- According to the World Bank Seychelles ranked 100th in the World in 2019 in terms of ease of doing business.
