Standard 15% VAT. Calculate VAT-inclusive, VAT-exclusive, reverse VAT extraction, and multi-item invoice totals. Accurate 2026 SRC rates.
Calculate how much VAT the buyer withholds and remits to the tax authority on this transaction.
The Seychelles applies Value Added Tax (VAT) at a standard rate of 15%. VAT was introduced on 1 January 2013, replacing the previous goods and services tax (GST). The introduction was part of a major tax reform program supported by the International Monetary Fund (IMF). There is no general reduced rate, though certain goods and services are zero-rated, including exports, basic food items (rice, flour, milk, bread), medicines, agricultural inputs, and international transport. Exempt supplies include financial services, insurance, residential rentals, healthcare services, educational services, and public transport. The Seychelles Revenue Commission (SRC) administers VAT. Businesses with annual taxable turnover exceeding SCR 5 million must register for VAT. VAT returns are filed on a monthly basis, with payment due by the 21st of the following month. The SRC provides electronic filing and payment systems. As a small island economy heavily dependent on tourism and fisheries, Seychelles' VAT system is designed to balance revenue needs with economic competitiveness. The tourism sector is a major contributor to VAT revenue. Input VAT can be deducted against output VAT, with efficient refund processing for businesses in credit positions.
VAT was introduced in Seychelles on 1 January 2013, replacing the previous goods and services tax. The reform was part of a major fiscal modernization program supported by the IMF.
Zero-rated food items include rice, flour, milk, bread, and other designated basic staples. Medicines and agricultural inputs are also zero-rated. Exports and international transport services carry 0% VAT.
Businesses with annual taxable turnover exceeding SCR 5 million must register for VAT with the Seychelles Revenue Commission. Voluntary registration is available for businesses below this threshold.
Monthly VAT returns must be filed by the 21st of the month following the tax period. Payment must accompany the return. The SRC provides electronic filing and payment options.
Tourism is a major contributor to VAT revenue in Seychelles, given its status as a premium tourist destination. Hotels, restaurants, tour operators, and related services all contribute significantly to VAT collections.