Seychelles withholding tax calculator 2026

Some payments carry a tax that the payer must hold back and send to the Seychelles Revenue Commission (SRC). Pick the type of payment and enter the gross amount. The headline rate is 15%.

The rates come from the SRC description of the Business Tax Act. Withholding tax is a final tax, so the income is not taxed again as business income.

How it's calculated

Dividends, interest, royalties, natural resource amounts and technical service fees paid to a non-resident bear 15%.
An insurance premium paid to a non-resident bears 5%, as does interest on current, fixed and call deposits.
Deduction at source on payments to a specified business is 1.5% of the total amount paid. Specified businesses are building and maintenance contractors, mechanics, and hirers of omnibuses or plant.

An example

A company pays SCR 100,000 in royalties to a non-resident. It withholds 15 %, which is SCR 15,000, and pays SCR 85,000 to the recipient. It sends SCR 15,000 to the SRC.

Frequently asked questions

When must the tax be paid to the SRC?

The SRC says withholding tax is due on or before the 21st day of the following month, reported on the Business Activity Statement.

What happens to tax deducted at source?

The SRC keeps it as a credit for the business. The credit offsets the business tax assessed for that year and any excess is refunded.

Do tax treaties change the rate?

They can. The SRC tells payers to consider the permanent establishment rules and the double taxation agreements Seychelles has signed. Write to advisory.center@src.gov.sc if in doubt.

Key terms

Withholding tax: Tax the payer holds back from a payment and sends straight to the tax authority.
Deduction at source: The 1.5 % withholding on payments to specified businesses such as contractors.
Non-resident: A person or company with no residence for tax purposes in Seychelles.