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Seychelles: Offshore Legal and Tax Regimes

Taxation of Foreign Employees of Offshore Operations

There are no special rules applying to the foreign or Seychelles employees of offshore operations, other than the exemption from social security contributions applying to the crew of ships and aircraft. The various exemptions from Business Tax and social security contributions described above do not apply to employees. See Domestic Personal Taxation for the general principles of individual taxation in the Seychelles, which also apply to the resident employees of nonresident entities.

Employers must withhold 15% of income from Seychellois employees and non-Seychellois employees. They must also pay 20% tax on the value of non-monetary benefits (such as subsidised housing, company car etc.) and for foreign employees they also have to pay the 'Gainful Occupation Permit' fee of SR8,400 per employee per year unless they are a SITZ company.



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