copy the linklink copied!Annex A. Additional tables and graphs

copy the linklink copied!
Table A.1. Backward-looking effective tax rates and related indicators by sector

 

Tax payable / Taxable income

Tax payable / EBIT

Tax payable / EBITDA

Tax payable / Turnover

Tourism (*)

12%

11%

8%

3%

Accommodation & Food services

13%

12%

9%

3%

Agriculture, forestry & fishing

15%

15%

14%

3%

Arts, entertainment & recreation

15%

14%

11%

3%

Human health & social work activities

15%

15%

11%

2%

Administrative & support services

19%

16%

11%

3%

Real estate activities

23%

21%

17%

7%

Manufacturing

24%

21%

16%

9%

Professional & technical activities

25%

24%

17%

4%

Wholesale & retail trade

25%

24%

18%

5%

Construction

26%

23%

19%

2%

Transportation & storage

26%

24%

15%

2%

Other service activities

27%

26%

18%

6%

Financial & insurance activities

27%

24%

22%

8%

Information & communication

27%

23%

15%

5%

Water supply & sewerage

28%

27%

25%

9%

Mining & quarrying

30%

30%

24%

8%

Total

23%

21%

16%

4%

Note: Only corporations with positive tax liability are included. Excludes Corporate Service Providers, Companies with Special Licences, exempt companies and non-resident aircraft and ship owners.

EBIT: Earnings before interest and taxes.

EBITDA: Earnings before interest, tax, depreciation and amortisation.

Tourism defined in line with Business Tax Act.

Source: Business Tax microdata.

copy the linklink copied!
Table A.2. Treaty Withholding Rates

 

Dividends[1]

Interest

Royalties

Bahrain

0

0

5

Barbados

5

5

5

Belgium

15

5/10[2]

5

Bermuda

0[3]

0/5[4]

5

Botswana

10

7.5

10

China

5

10

10

Cyprus

0

0

5

Eswatini

10

7.5

10

Ethiopia

5

5

5

Guernsey

0

0

5

Indonesia

10

10

10

Isle of Man

0

0

5

Jersey

0

0

0

Kenya

5

10

10

Luxembourg

10

5

5

Malaysia

10

10

10

Mauritius

0

0

0

Monaco

7.5

5

10

Oman

5

5

10

Qatar

0

0

5

San Marino

0

0/5[5]

0

Singapore

0

12

8

South Africa

10

0

0

Sri Lanka

10

10

10

Thailand

10

10/15[6]

15

United Arab Emirates

0

0

5

Vietnam

10

10

10

Zambia

10

5

10

Note: Many treaties provide for an exemption for certain types of interest, e.g. interest paid to the Government, including local authorities thereof, a political subdivision, the Central Bank or any financial institution controlled by the Government. Such exemptions are not considered in the interest column.

1. Cases in which the recipient company holds at least 25% of the capital or the voting power of the paying company are excluded.

2. The rate of 5% applies to commercial debt-claims resulting from deferred payments for goods, merchandise or services supplied by an enterprise and 10% otherwise.

3. If the recipient is not a company, the domestic rate applies.

4. The 0% applies to Interest received by any financial institution where the beneficial recipient is a non-resident financial institution.

5. The 0% rate applies to interest on debt-claims or loans paid to banks and financial institutions and on deposits made with banking or financial institution; the 5% rate applies in all other cases.

6. Interest paid to financial institutions (including insurance companies) is subject to a withholding at the rate of 10%.

Source: IBFD.

copy the linklink copied!
Figure A.1. Breakdown of business tax revenue from top thirty corporations by sector (SCR million)
Figure A.1. Breakdown of business tax revenue from top thirty corporations by sector (SCR million)

Note: Level 2: ISIC Division.

Number of companies in brackets.

Source: Business tax microdata.

copy the linklink copied!
Figure A.2. Breakdown of business tax revenue by tax regime
Figure A.2. Breakdown of business tax revenue by tax regime

Note: (*) First SCR million taxable income taxed at 25%, remainder 30%.

(**) Telecommunications service providers, banks, insurance companies, alcohol and tobacco manufacturers.

(***) Includes Corporate Service Providers, non-resident aircraft and ship owners, medical service providers, agriculture and fisheries, residential and commercial rent and companies listed on the Seychelles Securities Exchange.

Source: Business tax and presumptive tax microdata.

copy the linklink copied!
Figure A.3. Share of corporations under the regular business tax by tax liability status and sector
Figure A.3. Share of corporations under the regular business tax by tax liability status and sector

Note: Excludes Companies with Special Licenses, Corporate Service Providers, non-resident aircraft and ship owners and exempt companies.

(*) Defined in line with the Business Tax Act.

Source: Business tax microdata.

copy the linklink copied!
Figure A.4. Number of sole traders and partnerships under the regular business tax by tax liability status and sector
Figure A.4. Number of sole traders and partnerships under the regular business tax by tax liability status and sector

Note: Excludes exempt entities.

Source: Business tax microdata.

copy the linklink copied!
Figure A.5. Share of sole traders and partnerships under the regular business tax by tax liability status and sector
Figure A.5. Share of sole traders and partnerships under the regular business tax by tax liability status and sector

Note: Excludes exempt entities.

Source: Business tax microdata.

copy the linklink copied!
Figure A.6. Depreciation deductions in the tourism sector as a percentage of turnover by turnover levels
Figure A.6. Depreciation deductions in the tourism sector as a percentage of turnover by turnover levels

Note: Tourism is defined in line with Business Tax Act.

Source: Business tax microdata.

copy the linklink copied!
Figure A.7. Other operating expenses in the tourism sector as a percentage of turnover by turnover level
Figure A.7. Other operating expenses in the tourism sector as a percentage of turnover by turnover level

Note: Tourism is defined in line with Business Tax Act.

Excludes TIN 89, 381, 439, 744, 1071 and 1391 because of extreme values.

Source: Business Tax microdata.

copy the linklink copied!
Figure A.8. Other operating expenses in the financial sector as a percentage of turnover by turnover level
Figure A.8. Other operating expenses in the financial sector as a percentage of turnover by turnover level

Note: Excludes Corporate Service Providers, Companies with Special Licenses and exempt companies.

Excludes TIN 658 because of extreme values.

Source: Business tax microdata.

copy the linklink copied!
Figure A.9. Corporations by taxable income and turnover levels
Figure A.9. Corporations by taxable income and turnover levels

Note: Excludes Corporate Service Providers, Companies with Special Licenses, exempt companies and non-resident aircraft and ship owners.

Excludes TIN 1189 to allow for a better visualization of companies with lower turnover levels.

Source: Business tax microdata.

copy the linklink copied!
Figure A.10. Corporations in the tourism sector by taxable income and turnover levels
Figure A.10. Corporations in the tourism sector by taxable income and turnover levels

Note: Tourism defined in line with Business Tax Act.

Source: Business Tax microdata.

copy the linklink copied!
Figure A.11. Effective tax rates by turnover levels
Figure A.11. Effective tax rates by turnover levels

Note: Only corporations with positive tax liabilities. To facilitate visualisation the chart excludes a corporation with extremely high turnover (turnover SCR 5 041 million and a 30% effective tax rate).

Source: Business tax microdata.

Metadata, Legal and Rights

This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. Extracts from publications may be subject to additional disclaimers, which are set out in the complete version of the publication, available at the link provided.

https://doi.org/10.1787/cba38d19-en

© OECD 2020

The use of this work, whether digital or print, is governed by the Terms and Conditions to be found at http://www.oecd.org/termsandconditions.