Seychelles is a place of tranquillity and of careful development. With the adaptation of a territorial taxation system, all companies (including International Business Companies (IBCs) and Companies (Special Licences)), are not subject to any Seychelles’ tax or duty on income or profits if they do not derive assessable income (i.e. Seychelles’ sourced income) in Seychelles. However, special rules apply to companies forming part of a multinational group where any foreign sourced income will not be taxed in Seychelles if the company is a “qualifying company” as defined under Eleventh Schedule of the Business Tax Act.
The IBC Act and the International Trusts Act
