OECD Tax Policy Reviews: Seychelles 2020
This report is part of the OECD Tax Policy Reviews publication series. The Reviews are intended to provide independent, comprehensive and comparative assessments of OECD member and non-member countries’ tax systems as well as concrete recommendations for tax policy reform. By identifying tailored tax policy reform options, the objective of the Reviews is to enhance the design of existing tax policies and to support the adoption of new reforms. This report provides an assessment of Seychelles' tax system and recommendations for tax reform, with a focus on the business tax. Chapter 1 gives an overview of Seychelles' key economic and tax challenges. Chapter 2 provides a comprehensive assessment of Seychelles' business tax system and simulates the impact of different business tax reform scenarios, based on business taxpayer microdata. Chapter 3 focuses on improving the design of non-business taxes.
Overview of key economic and tax challenges
This chapter provides an overview of Seychelles’ main economic and tax challenges. It starts by looking at Seychelles’ macroeconomic performance in recent years and identifies the most significant economic and social challenges that Seychelles will need to address in the near to medium future. The chapter then examines Seychelles’ tax revenues, looking at their overall level and their composition over time. This first chapter is intended to provide useful background to the tax policy assessment and recommendations presented in the following chapters.