Page 41 - Nexia SAB&T Africa Overview 2025
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Seychelles (GMT +4)
General:
▪ Capital City: Victoria
▪ Official Language: English and French
▪ Currency: Seychelles Rupee (SCR)
▪ Main Exports: Tuna, prawns and other fish, cinnamon bark, copra
▪ Surface Area: 0.5 sq. km (thousands)
▪ Population: 130,418 (2024,est)
Key Economic Indicators:
▪ GDP: $2,2 billion (2023) / GDP Growth Rate: 3.2% (2024)
▪ CPI Inflation Rate (annual): 1.7% (2025)
▪ Sovereign Credit Ratings: Moody’s: Not rated, S&P: Not rated,
Fitch: BB- (High Credit Risk)
▪ Indicator of Economic Freedom Score: 66.4/100 (2025): Moderately Free
Exchange Controls:
▪ N/A
Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Territorial (source)
▪ Non-residents: Territorial (source)
Tax Rates:
▪ Individuals: Progressive rates to 30%
▪ Companies: 15%
▪ Inheritance and Donations Taxes: N/A
▪ VAT: 15%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): N/A
▪ Double Taxation Agreements: In place with several countries
Useful links:
▪ Seychelles Revenue Commission http://www.src.gov.sc
▪ Central Bank of Seychelles http://www.cbs.sc
▪ Seychelles Investment Board https://www.investinseychelles.com
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