Seychelles: Personal Taxation
Social Security Taxes
On 1 July 2010, social security tax was replaced by the Income & Non-Monetary Benefits Tax, which is paid on employment income by the employer and employee. Income tax is payable by the employee and Non-Monetary Benefits Tax is payable by the employer. Seychellois employees pay a rate of 15% (18.75% before 1 January 2011), non-Seychellois pay 15% (10% before 1 January 2011). The Non-Monetary Benefits Tax payable by the employer is 20%. The employer must remit the withheld tax monthly to the Seychelles Revenue Commission.