Details of public revenues - Seychelles
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Source
Source Contact person/organisation Contact person/organisationAfrica Desk: dev.africa@oecd.org
Direct source Direct sourceSeychelles Revenue Commission; Seychelles Ministry of Finance, Economic Planning and Trade; Financial Services Authority Seychelles Annual Reports; and Seychelles Pension Fund Annual Reports.
Data Characteristics Data Characteristics Unit of measure used Unit of measure used
Seychelles Rupee
Power code Power code
Millions
Date last updated Date last updated31-10-2023
Concepts & Classifications Concepts & Classifications Key statistical concept Key statistical conceptYear ending 31st December. The data are on a cash basis.
Heading 1210: The Goods and Services Tax in Seychelles was also applied to income from residential rents, which according to Revenue Statistics in Africa definitions are properly classified as business taxes. These revenues are reported under the Goods and Services Tax heading in budget documents for the Seychelles.
Heading 2000: This heading includes revenues collected by the Seychelles Pensions Fund (SPF), which includes mandatory contributions classified by the OECD as social security contributions (reported under Headings 2110 and 2210). Seychelles collected a social security tax based on income (reported under Heading 2420) which was phased out in 2010, but with a significant collection of arrears in 2018. SPF revenues are not reported as government revenues in Seychelles government documents.
Heading 5112: The Goods and Services Tax in Seychelles existed until it was replaced by a VAT in 2013. This tax imposed a 15% tax rate on sales of products and services in a long list of items enumerated in the Goods and Services Tax Act. Arrears on the Goods and Services Tax includes arrears on goods and services taxes, professional services, tourism, telecom and utilities and insurance, which are reported under Heading 5126.
Heading 5123: "Other customs duties" includes the Levy on Pet Bottles, the Levy on Poultry, the Levy on Cans, and the Levy on Glass Bottles. Collections of revenues for the Livestock Trust Fund began in 2019. Figures exclude tax revenues collected by sub-national governments as the data are not available.
Figures exclude non-tax revenues collected by sub-national governments as the data are not available. In addition to the revenues labelled “SPF” under “Rents and royalties” and "Interest and dividends”, some, generally negligible, SPF revenues are counted under “Other property income”, “Sales of goods and services”, and “Miscellaneous and unidentified revenue”. SPF revenues are not reported as government revenues in Seychelles government documents.
“Rents and royalties” includes fishing licences fees considered as non-tax revenues in accordance with the OECD classification, as set out in the Interpretative Guide in Annex B. The Seychelles classifies these revenues as tax revenues.
“Interest and dividends” includes revenues from the Financial Services Authority (FSA). FSA revenues are not reported as government revenues in Seychelles government documents.
Heading 1210: The Goods and Services Tax in Seychelles was also applied to income from residential rents, which according to Revenue Statistics in Africa definitions are properly classified as business taxes. These revenues are reported under the Goods and Services Tax heading in budget documents for the Seychelles.
Heading 2000: This heading includes revenues collected by the Seychelles Pensions Fund (SPF), which includes mandatory contributions classified by the OECD as social security contributions (reported under Headings 2110 and 2210). Seychelles collected a social security tax based on income (reported under Heading 2420) which was phased out in 2010, but with a significant collection of arrears in 2018. SPF revenues are not reported as government revenues in Seychelles government documents.
Heading 5112: The Goods and Services Tax in Seychelles existed until it was replaced by a VAT in 2013. This tax imposed a 15% tax rate on sales of products and services in a long list of items enumerated in the Goods and Services Tax Act. Arrears on the Goods and Services Tax includes arrears on goods and services taxes, professional services, tourism, telecom and utilities and insurance, which are reported under Heading 5126.
Heading 5123: "Other customs duties" includes the Levy on Pet Bottles, the Levy on Poultry, the Levy on Cans, and the Levy on Glass Bottles. Collections of revenues for the Livestock Trust Fund began in 2019. Figures exclude tax revenues collected by sub-national governments as the data are not available.
Figures exclude non-tax revenues collected by sub-national governments as the data are not available. In addition to the revenues labelled “SPF” under “Rents and royalties” and "Interest and dividends”, some, generally negligible, SPF revenues are counted under “Other property income”, “Sales of goods and services”, and “Miscellaneous and unidentified revenue”. SPF revenues are not reported as government revenues in Seychelles government documents.
“Rents and royalties” includes fishing licences fees considered as non-tax revenues in accordance with the OECD classification, as set out in the Interpretative Guide in Annex B. The Seychelles classifies these revenues as tax revenues.
“Interest and dividends” includes revenues from the Financial Services Authority (FSA). FSA revenues are not reported as government revenues in Seychelles government documents.
Africa Desk: dev.africa@oecd.org
Seychelles Revenue Commission; Seychelles Ministry of Finance, Economic Planning and Trade; Financial Services Authority Seychelles Annual Reports; and Seychelles Pension Fund Annual Reports.
31-10-2023
Year ending 31st December. The data are on a cash basis.
Heading 1210: The Goods and Services Tax in Seychelles was also applied to income from residential rents, which according to Revenue Statistics in Africa definitions are properly classified as business taxes. These revenues are reported under the Goods and Services Tax heading in budget documents for the Seychelles.
Heading 2000: This heading includes revenues collected by the Seychelles Pensions Fund (SPF), which includes mandatory contributions classified by the OECD as social security contributions (reported under Headings 2110 and 2210). Seychelles collected a social security tax based on income (reported under Heading 2420) which was phased out in 2010, but with a significant collection of arrears in 2018. SPF revenues are not reported as government revenues in Seychelles government documents.
Heading 5112: The Goods and Services Tax in Seychelles existed until it was replaced by a VAT in 2013. This tax imposed a 15% tax rate on sales of products and services in a long list of items enumerated in the Goods and Services Tax Act. Arrears on the Goods and Services Tax includes arrears on goods and services taxes, professional services, tourism, telecom and utilities and insurance, which are reported under Heading 5126.
Heading 5123: "Other customs duties" includes the Levy on Pet Bottles, the Levy on Poultry, the Levy on Cans, and the Levy on Glass Bottles. Collections of revenues for the Livestock Trust Fund began in 2019. Figures exclude tax revenues collected by sub-national governments as the data are not available.
Figures exclude non-tax revenues collected by sub-national governments as the data are not available. In addition to the revenues labelled “SPF” under “Rents and royalties” and "Interest and dividends”, some, generally negligible, SPF revenues are counted under “Other property income”, “Sales of goods and services”, and “Miscellaneous and unidentified revenue”. SPF revenues are not reported as government revenues in Seychelles government documents.
“Rents and royalties” includes fishing licences fees considered as non-tax revenues in accordance with the OECD classification, as set out in the Interpretative Guide in Annex B. The Seychelles classifies these revenues as tax revenues.
“Interest and dividends” includes revenues from the Financial Services Authority (FSA). FSA revenues are not reported as government revenues in Seychelles government documents.
Heading 1210: The Goods and Services Tax in Seychelles was also applied to income from residential rents, which according to Revenue Statistics in Africa definitions are properly classified as business taxes. These revenues are reported under the Goods and Services Tax heading in budget documents for the Seychelles.
Heading 2000: This heading includes revenues collected by the Seychelles Pensions Fund (SPF), which includes mandatory contributions classified by the OECD as social security contributions (reported under Headings 2110 and 2210). Seychelles collected a social security tax based on income (reported under Heading 2420) which was phased out in 2010, but with a significant collection of arrears in 2018. SPF revenues are not reported as government revenues in Seychelles government documents.
Heading 5112: The Goods and Services Tax in Seychelles existed until it was replaced by a VAT in 2013. This tax imposed a 15% tax rate on sales of products and services in a long list of items enumerated in the Goods and Services Tax Act. Arrears on the Goods and Services Tax includes arrears on goods and services taxes, professional services, tourism, telecom and utilities and insurance, which are reported under Heading 5126.
Heading 5123: "Other customs duties" includes the Levy on Pet Bottles, the Levy on Poultry, the Levy on Cans, and the Levy on Glass Bottles. Collections of revenues for the Livestock Trust Fund began in 2019. Figures exclude tax revenues collected by sub-national governments as the data are not available.
Figures exclude non-tax revenues collected by sub-national governments as the data are not available. In addition to the revenues labelled “SPF” under “Rents and royalties” and "Interest and dividends”, some, generally negligible, SPF revenues are counted under “Other property income”, “Sales of goods and services”, and “Miscellaneous and unidentified revenue”. SPF revenues are not reported as government revenues in Seychelles government documents.
“Rents and royalties” includes fishing licences fees considered as non-tax revenues in accordance with the OECD classification, as set out in the Interpretative Guide in Annex B. The Seychelles classifies these revenues as tax revenues.
“Interest and dividends” includes revenues from the Financial Services Authority (FSA). FSA revenues are not reported as government revenues in Seychelles government documents.