Quarterly Journal of Information www.src.gov.sc Page 1
Introducing the Progressive Income Tax System
P.1 Service standards P.2 Duty free procedures P.3 Vat when do I apply appor-tionment rule P.4 Trends & New Software
SRC— implementation of the Progressive Income Tax
continues to move forward
T he Seychelles Revenue Commission (SRC) has been busy in the past few
months with the implementation of recent reforms in the Income and Non
-Monetary Benefits Tax Act. The Progressive Income Tax (PIT), which took
full effect on the 1st June 2018 brings about a radical change in the way
income tax is calculated on an employee’s monthly salary. According to the
Ministry of Finance, Trade Investment and Economic Planning, most citizen
employees will experience an increase in their take home pay.
The Progressive Income tax is a system whereby the tax rate increases as the
taxable income increases. This form of taxation is regarded as more equitable
as an employed person earning a high income will have a higher effective tax
rate when compared with a person earning a lower income.
As part of its educational campaign, the SRC conducted a series of workshops
on Mahé, Praslin and La Digue to sensitize both employees and employers
about the new regime. The participants had the opportunity to seek clarifica-
tions and work through some examples of calculations.
Continued on page 2...
SRC appoints new Commissioner of
Customs – page 2
SRC benefits from WCO t raining in
Project Management - page 3
SRC signs memorandum of under-
standing - page 3
Familiarization Visit - page 4
Appointment of SRC Board Members -
page 6
Amendments in Tax and Customs
Legislations- page 8
Promoting Compliance: Introduction
of the Tax Clearance Certificate -
page 9
Penalties for Non-Compliance- page
10
Zero-Rated Supplies under Value Add-
ed Tax (VAT)- page 11
SRC Staff Excel in Online Tax Audit
Course — page 12
CUSTOMS CORNER
Journal of Information
ISSUE JULY 2018
SRC Acquires Top of the Art Pallet
Scanner - page 13
Returning Residents and Graduates-
page 14
SRC’s Customs Officials receives train-
ing from WCO experts- page 15
Customs Instructions For Passengers-
page 16
IN THIS ISSUE
SRC in action-page 17
Health & wellness page 17
ALSO IN THIS EDITION
TAX CORNER
Journal of Information
IN THIS ISSUE
Quarterly Journal of Information www.src.gov.sc Page 2
Seychelles Revenue Commission wel-
comes new Commissioner of Customs —
Mr. Paul Barrack.
Mr. Barrack brings more than 15 years of Customs and Trade experience to his new role at the Customs Division. His role at Customs includes advising the Commissioner General on all matters relating to Customs revenue and compliance with related legisla-tions and implement strategies to secure and facilitate trade, safeguard the borders of Seychelles and implement other Government policies.
Before taking this new position, Mr. Barrack was a Customs Consultant at the Trade Division of the Minis-try of Finance, Trade and Economic Planning. Prior to that, he held the position of Customs Adviser at the Seychelles Revenue Commission.
Mr. Ronald Cafrine, Commissioner General of SRC stated that “we are delighted to welcome Mr. Barrack to the SRC team, a talented professional with a wealth of knowledge in Customs and Trade particularly in the area of Trade Facilitation”. On his part, Mr. Barrack explained that he feels honored to return to SRC in this new role and that he is confident that together with the support of his team, he will be able to bring Customs to the next level”. Mr. Barrack’s appointment took effect since the 16
th April 2018.
SRC appoints new Commissioner of
Customs
ISSUE JULY 2018 Journal of Information
….Continuation of page 1
The SRC’s website provides information on the latest PIT
news releases, fact sheets and legislation. Additionally, we
have a dedicated webpage with insights on significant devel-
opments related to PIT. To help individuals identify the cor-
rect amount of taxes due, the SRC released a new withholding
calculator which is posted on www.src.gov.sc.
SRC Customs Management Team welcoming Mr Barrack
Journal of Information
SRC benefits from WCO training in Project Management
A five day intense training course was conducted
by two WCO facilitators at the CEPS conference
room Orion Mall, on Project Management as
from the 11th -15th June 2018.
The Seychelles Revenue Commission (SRC) col-
laborated with the two World Customs Organisa-
tion (WCO) consultants Mr. Patrick Gyan and
Mr. Richard Chopra with the aim of empowering
SRC Administration to effectively design and
manage reform and modernization initiatives
while having the presentations contextualized in
the Customs reforms programme. Over the five
days, SRC staff from different units from both
Customs and Tax Division benefited from this
WCO funded training.
The training was a mix of presentations, plenary
discussions, group exercise, role plays, and ended
with a group project proposal made in the pres-
ence of a panel. The program was tailored as
building blocks towards the groups creating their
own project proposal. Some of the topics treated
comprises of Introduction, organizational frame-
work, common project failures, result-based
management, governance framework, roles of
project directors, managers, steering committees,
and then taken into the life cycle of project man-
agement.
Quarterly Journal of Information www.src.gov.sc Page 3
ISSUE JULY 2018 Journal of Information
During the second quarter of the year, the Seychelles Revenue Commission (SRC) saw the signing of two memo-
randum of understanding (MoU) in relations to allowing
exchange of information between organizations.
The first signing took place on the 3rd April between SRC
and the Registrar General (RG) office. The MoU was
signed by the Commissioner General of SRC Mr. Ronald
Cafrine and the Chief Executive Officer of Registrar
General Ms. Wendy Pierre. Also present at the signing was
one witness from both parties, Mrs. Luisa Woodcock and
Mr. Frank Hoareau. The signing took place during a small
ceremony held at the RG’s head office, located on the 1st
Floor of Independence House. The purpose of the MOU is
to promote corporation between the two government
agencies specifically in respect to exchange of information.
The second signing took place on the 14th June
between the Seychelles Investment Board (SIB) a
parastatal entity whose mandate is to facilitate and
promote foreign and domestic investment in
Seychelles and the Seychelles Revenue Commission.
The signing took place at the SRC Headquarters based
at Maison Collet, Victoria. The purpose of this MoU is
to promote corporation between the two governmental
agencies, precisely in respect to exchange of
information while also setting out the responsibilities
of both SRC and SIB with regards to allowing
exchange of specific public information which will
then be used for market research purposes. The MoU
was signed by the Chief Executive Officer of
Seychelles Investment Board Ms. Cindy Vidot, and by
the Commissioner General for the Seychelles Revenue
Commission Mr Ronald Cafrine.
CG of SRC Mr. R.Cafrine and the CEO of Registrar
General Ms. W. Pierre
CG of SRC Mr. R.Cafrine and the CEO of SIB Ms. C.Vidot
Quarterly Journal of Information www.src.gov.sc Page 4
ISSUE JULY 2018 Journal of Information
SRC welcomes the newly appointed Minister for Finance, Trade, Investment and
Economic planning - Ambassador Maurice Loustau-Lalanne.
The new Minister for Finance, Trade, Investment and Economic planning - Ambassor Maurice Loustau-Lalanne
and his delegation conducted a familiarization visit at the Seychelles Revenue Commission headquarters on
Thursday 19th July.
During his familiarization visit, Ambassador Loustau-Lalanne was accompanied by an active delegation which
comprised of representatives from Finance, Trade and the Seychelles Revenue Commission. Members of the
delegation included members of the Executive Management of SRC, the Secretary of State, the Principal
Secretaries and some senior officials from the Ministry of Finance, Trade, Investment and Economic Planning.
Throughout the half day visit, the Minister did his first tour of the offices on 2nd and 3rd floor of Maison Collet
building in Victoria. The SRC staff present had the opportunity to meet with him and his delegation and voice out
their concerns. During his tour, he was briefed on the status of SRC’s Tax Division, Support Services, Deputy
Commissioner General’s Office and Commissioner General’s Office. The staff had the opportunity to discuss on
existing challenges as well as progress that has been made since the last visit of the previous Minister for Finance
Trade and Economic Planning, Dr. Peter Larose.
Some of the concerns raised included the ongoing issue of being understaffed, lack of workspace for certain units,
enduring slow recruitment procedures, and having low salary package that is inadequate to match the amount
work that other staff have to do to cover for the lack of staff in some units. Other concerns raised were in relation
to faulty performance of SRC’s Client Management System (CMS). Staff of SRC also pointed out that progress is
being made in 2018 with regards to collection of taxes and tax in arrears as opposed to last 2017 collection rate.
Some of the concerns raised included the
ongoing issue of being understaffed, lack
of workspace for certain units, enduring
slow recruitment procedures, and having
low salary package that is inadequate to
match the amount work that other staff
have to do to cover for the lack of staff in
some units.
….Continued of page 5
Familiarization Visit
Photos of the Minister and his delegation whilst meeting with staff of
SRC at the Maison Collet .
Quarterly Journal of Information www.src.gov.sc Page 5
ISSUE JULY 2018 Journal of Information
….Continuation of page 4
Other concerns raised were in relation to faulty
performance of SRC’s Client Management System
(CMS). Staff of SRC also pointed out that progress is
being made in 2018 with regards to collection of taxes
and tax in arrears as opposed to last 2017 collection
rate.
Both the Minister and the Commissioner General
assured staffs that their concerns have been heard and
that he would try his very best to address these
ongoing issues within their work mandate. At the end
of the visit, the Minister and his delegation chaired a
meeting with the Commissioner General of SRC and
his management team. During the meeting,
Mr. Cafrine informed the Minister that SRC is indeed
pushing forth with its attempt to get HR autonomy so
that SRC can have better control over staff recruit-
ment and other HR related challenges.
Ambassador Loustau-Lalanne gave SRC his commit-
ment to continue the good collaboration between
Seychelles Revenue Commission and Ministry of
Finance, Trade, Investment and Economic Planning
and he has advised that he and his delegation will be
organizing another to visit to SRC Customs Division
soon.
Quarterly Journal of Information www.src.gov.sc Page 6
ISSUE JULY 2018 Journal of Information
President Danny Faure has appointed to the Seychelles Revenue Commission its first governing Board which tops
the role of the existing Commissioner General.
This appointment follows the amendments made to the Seychelles
Revenue Commission Act early 2018, whereby the Act now
makes provision, for the first time, for the Revenue Commission
to be administered by a Board. This change is in accordance with
new governance policies being applied across the public sector.
The Board Members have been appointed for a period of three
years, effective from 1st March 2018.
The Chairperson of the Board of the Commission is Mr Chrystold
Chetty and the other Board Members are PS Damien Thesee, PS
Cillia Mangroo, Mr Serge Durup, Mr Charles Morin, and Mr
Steve Jardine.
With the appointment of this new board, the chairman and his
members are now responsible for appointment of officers in
managerial positions, on fixed term contracts for the efficient
performance of the functions of the Commission, they are also
responsible for appointment of sub committees deemed neces-
sary for the administration of its functions, the board may give general or specific directions on a particular sub-
ject to the Commissioner General or to the secretary and the board may also call for any information, docu-
ments or other materials from an officer of the Commission and , not withstanding any other written law, make
use of such information , document or other material for the functions of the Commission or its powers under
the Act.
Following their debut in their appointed position, the Board has held several productive meetings with SRC
management to discuss on the way forward for SRC. The Board has also had the opportunity to participate in two
onboarding sessions. The first session was with Headquarters and Tax division. The second was with Customs
Division. An additional informative activity that the dynamic Board members participated in was a site visit to
SRC’s Customs Division based at the seaport area. During the visit the Chairman and his members not only got to
familiarize themselves with the Customs operational premises but also had the opportunity to meet and discuss
with staff at their workstations about their work challenges and concerns. The Board also welcomed staff input on
how their units/division and the whole SRC can be improved to make their current operation more productive.
The board has made it a primary goal to organize for similar site visits of the other SRC units that they have
not yet covered in the near future.
Appointment of SRC Board Members
Mr. Chrystold Chetty—Chairperson of SRC Board
(Photo by Statehouse Press)
Quarterly Journal of Information www.src.gov.sc Page 7
Photos of the Minister and his delegation
whilst meeting with staff of SRC at the Mai-
son Collet .
ISSUE JULY 2018 Journal of Information
Photos of the SRC Board members during
the first session of Customs familiariza-
tion visit held on the 27th July 2018.
Quarterly Journal of Information www.src.gov.sc Page 8
ISSUE JULY 2018 Journal of Information
Customs Management Act 2011
SI 35 of 2018 - Customs Management (Tariff and Classification of Goods) (Amendment) Regulations, 2018
Excise Tax Act 2009
SI 34 of 2018 - Excise Tax (Amendment of Schedule 1) Regulations, 2018
SI 27 of 2018- Excise tax ( Fuel exemptions/Concessions) Regulations, 2018
Income and Non-Monetary benefits Tax Act 2010
SI 5 of 2018 - Income and Non-Monetary Benefits Tax (Exempt Emoluments) Regulations, 2018
SI 6 of 2018 - Income and Non-Monetary Benefits Tax (Payroll Withholding Statement) Regulations, 2018
SI 25 of 2018 - Income and Non-Monetary Benefits Tax (Amendment) Act 2017 (Commencement) Notice, 2018
SI 30 of 2018 - Income and Non-Monetary Benefits Tax (Amendment of Fourth Schedule) Regulations, 2018
SI 31 of 2018 - Income and Non-Monetary Benefits Tax (Payroll withholding statement) (Amendment) Regulations,
2018
Act 27 of 2017- Income and Non-monetary Benefit Tax (Amendment) ACT, 2017
Value Added Tax Act 2012
SI 33 of 2018 - Value Added Tax (Amendment of First Schedule) Regulations, 2018
Revenue Administration Act 2009
SI 7 of 2018 - Revenue Administration (Filling of Business Activity Statement) (Amendment) Regulations, 2018
Business Tax Act 2009
SI 1 of 2018 - Business Tax (Amendment of Second Schedule) Regulations, 2017
SI 42 of 2018- Business Tax ( Amendment of first schedule) Regulations, 2018
CUSTOMS
TAX
Quarterly Journal of Information www.src.gov.sc Page 9
Promoting Compliance: Introduction of the Tax Clearance Certificate
ISSUE JULY 2018 Journal of Information
In line with its strategic objective to increase the level of compliance within the private sector, the
Seychelles Revenue Commission (SRC) in partnership with the National Tender Board have intro-
duced a Tax Clearance Certificate for bidders of public tenders. This initiative is part of the SRC’s
Enforcement Collection Strategy, which aims at reducing the level of tax arrears. Bidders have
limited choice, but to settle their tax debts with the SRC to become eligible for participating in
public tenders.
The issuance of Tax Clearance Certificates
have started since the 1st January 2018, and
so far a total of 1,100 certificates have been
issued. Businesses wanting to apply for a
certificate have to do so by writing to the
Commissioner General of the SRC. The
SRC then has a period of not more than five
days to respond to the taxpayer request. The
taxpayer then has to attach the certificate to
their tender documents upon submission to
the National Tender Board.
There are two conditions required for a tax-
payer to qualify for a Tax Clearance Certifi-
cate. Firstly the taxpayer should not have
any outstanding debts and secondly no out-
standing returns. When a person does not
qualify for a Tax Clearance Certificate, nego-
tiation for a settlement is done before issuing
the certificate.
Once issued, the Tax Clearance Certificate
is valid for one year.
Sample of a Tax Clearance Certificate
Quarterly Journal of Information www.src.gov.sc Page 10
The Seychelles Revenue Commission (SRC) would like to remind all businesses that the penalties applicable to late submission and payments of the Business Activity Statement (BAS), Presumptive tax return, Business tax return and Value Added Tax (VAT) return is as follows:
Penalties imposed is as per the Revenue Administration Act 2009 (RAA).
1. Late lodgment penalties
SR 500 in the case of an employer of a small business plus SR 50 for each week or part of a week that the form is not furnished;
SR 1,000 in the case of an employer of a medium business plus SR 100 for each week of part of a week that the form is not furnished;
SR 5,000 in the case of an employer of a large business plus SR 500 for each week or part of a week that the form is not furnished.
2. Late Payment penalties (10% of the amount due to the SRC)
3. Interest (Central Bank prime lending rate + 3%)
Note that the due date for submission and payments of returns are on the 21
st of each month, unless
approved otherwise by the Revenue Commissioner.
Penalties for Non-Compliance
ISSUE JULY 2018 Journal of Information
For more information contact us on 4293737 or visit any of our offices during working hours.
Website: www.src.gov.sc
Quarterly Journal of Information www.src.gov.sc Page 11
All supplies within the scope of VAT are either taxable
or exempt under the VAT Act 2010. A taxable supply is
chargeable to VAT at the standard rate of 15% or zero-
rated which is a supply chargeable at the rate of 0%.
When the transaction is zero-rated, this means that the
VAT charged on inputs relating to these goods can be
claimed as input tax.
What is the difference between exempt and zero-
rated supplies?
An exempt supply is not subject to VAT. A zero-rated
supply is a taxable supply, but charged at a VAT rate of
0%.
Whilst input tax incurred in the making of zero-rated
supplies can be claimed, input tax used to make exempt
supplies cannot be claimed as a deduction.
What types of business activities are zero-rated?
Export;
A supply of goods imported to be manufactured then
exported;
Services directly in connection with temporary
imported goods;
Services provided by a licensed, International Corpo-
rate Service Provider / Companies Special License;
A supply of telecommunication services to a
non-resident;
A supply of international transport services;
A supply of maritime service including maintenance
and repair of vessel;
A supply of goods made by a duty free shop.
Please refer to the Second Schedule of the VAT Act for the complete
list.
Do I need to register if I make zero-rated supplies?
The general requirement is that it is compulsory for
businesses making taxable supplies and whose annual
turnover is within the VAT threshold of SR 2 million to
register for VAT. This will also include businesses
making exclusively zero-rated supplies.
A business making zero-rated supplies whose turnover is
below the VAT threshold can also choose to register on a
voluntary basis if it wishes to. However, the business
must satisfy the following requirements:
Has kept and / or will keep proper records;
Is compliant with all revenue laws;
Has a fixed place of doing business; and
Must remain registered for at least twelve months.
Once registered (voluntarily), the business cannot dereg-
ister for a minimum period of twelve months.
Is a VAT invoice required for zero-rated supplies?
It is a requirement under the VAT Act that VAT
registered businesses issue a VAT invoice to their
clients. This also applies to suppliers of zero-rated
goods.
Zero-Rated Supplies under Value Added Tax
ISSUE JULY 2018 Journal of Information
Seychelles Revenue Commission (MAHE)
3rd Floor, Maison Collet, Victoria
(+248) 4293737
Seychelles Revenue Commission
(PRASLIN), 1st Floor, Pension Fund
Building, Grand Anse Praslin
(+248) 4232041
Quarterly Journal of Information www.src.gov.sc Page 12
Four SRC staff were enrolled in an online audit
course with the African Tax Administration Forum
(ATAF) with the aim of gaining a solid under-
standing of the fundamentals of tax auditing.
Some of the topics covered included understand-
ing the purpose of audits, principles of ethics in
auditing, understanding the audit process from
planning to closure and audit techniques. The
course provided a platform for the auditors to
apply their audit skills to a range of examples and
cases. The online course is then followed by a
face to face intermediate-level seminar which the
four staff are expected to attend in Tanzania.
SRC Staff Excel in Online Tax Audit Course
ISSUE JULY 2018 Journal of Information
Seychelles Revenue Commission
Customs House , New Port , Mahe
(+248) 4293758
Seychelles Revenue Commission
Customs- Airport Cargo, Pointe Larue (+248) 4384140
The four staff that enrolled on the program.
NOW AVAILABLE AT SRC
PAYMENTS BY EPOS (ELECTRONIC POINT OF SALE)
Quarterly Journal of Information www.src.gov.sc Page 13
ISSUE JULY 2018 Journal of Information
SRC Acquires Top of the Art
Pallet Scanner
Several Customs officers based at the Seychelles
Seaport have been following multiple training
sessions since June 2018 on how to use the new
scanner.
The officers are being trained by a local consultant
Mr. Claude Mondon – Director of MONDOTEK
Engineering and consultancy services in how to
use the scanner effectively especially with regards
to how to read the scanned images. This in turn
will help the officers to be able to better detect any
illicit goods or contrabands that have been
concealed in consignments being brought into the
country.
The scanner project has been funded under the
SRC Budget and was purchased from Smiths
Detection, an international operation and UK
based global technology business of the Smiths
Group. All installation works were carried out by
Rey & Lenferna Home and engineering solutions –
a company based in Mauritius that has been
contracted by Smiths Detection.
Once the enclosed area for the scanner is com-
pleted, the scanner will be used by Customs offic-
ers to scan incom-
ing pallets from
containers or even
to scan LCL cargo
(less than contain-
er load cargo) that
have been earmarked as high risk cargo or based
on information that Seychelles Customs receives
from other border agencies that may consider a
particular cargo to be high risk. Officers from other
agencies such as the Seychelles Anti-Narcotics
Bureau (ANB) may also seek customs assistance
to make use of the scanner for their investigation
purposes.
It is expected that once the project is completed
and the scanner becomes fully operational for
service, it will facilitate trade, as it will reduce the
amount of physical inspection currently being done
and therefore also reduce the clearance time of
cargo at the Seaport. Having the scanner up and
running, would also allow Customs division to
divert some of its resources such as manpower to
other locations that requires more assistance of
customs officers which can help to support risk
based border management whilst improving
Customs service delivery in line with the SRC
service standards.
Customs Officer with representative from Rey &
Lenferna Home and Engineering solutions
Quarterly Journal of Information www.src.gov.sc Page 14
ISSUE JULY 2018 Journal of Information
Who do we consider as a returning resident / graduate?
A returning graduate is a citizen of Seychelles who has been studying abroad at an educational institution recognized by the
Ministry responsible for Education, for a minimum period of 9 months.
A returning resident is a Seychellois citizen who has been absent from Seychelles for a continuous period of not less than 2
years and is returning to Seychelles to take up permanent residence.
What type of concessions are returning residents and graduates entitled to ?
The following are entitlements for a returning resident and graduate:
Duty free on used personal items;
Duty free on used household items;
SR1000 tax free for new household effects
Permission to import used second hand car
It is important to note that new items will be subjected to the applicable rate of Customs duty and taxes over and above the
SR1000 tax free allowance for new household effects.
What are used personal and household items?
Used personal and household items are goods which the returning resident or graduate have owned, possessed, and used be-
fore returning to the country of residence. It is very important that the items meet the three requirements of ownership, posses-
sion and used to qualify for those mentioned duty free entitlements.
Used items must have been in the possession of the owner for a period of 12 months or more to be exempted from payment
of taxes.
It is advisable to keep receipts when purchasing goods intended to be brought back to the country. The receipts must be pre-
sented to Customs upon importation of the goods. It very important to note that in cases where restricted goods are being im-
ported, such goods must be accompanied by an import permit.
What are conditions for importing a used /second hand vehicle?
A returning resident/graduate may also import a new or used motor vehicle. However, there is no concession on such imports
– the applicable taxes/duties have to be paid at the point of entry. Only one vehicle is allowed per person.
The used second hand vehicle must be:
for passenger use only;
classified under HS code 8703 or HS code 8711 only;
not older than 3years at the time it lands in the country;
right hand wheel drive.
Once an import permit has been issued to import a second hand vehi-
cle, the returning resident or graduate will not be allowed to import
another second hand motor vehicle or motor cycle if he/she decides
to move overseas again.
All goods to be imported must enter the country within six
months following the return of the graduate/resident.
Continued on page 15…
Returning Residents and Graduates
Quarterly Journal of Information www.src.gov.sc Page 15
ISSUE JULY 2018 Journal of Information
SRC’s Customs Officials receives training from
WCO experts.
A group of fifteen Customs officers received training in “Airport passenger control and Analysis” to help develop their skills in questioning types and techniques, manifest data identification, passenger profiling, search techniques, and in passport and e-ticket data identification.
Such capacity building development is crucial in this new customs environment and the challenges that come with it. The training itself was conducted by two WCO experts; Australian - Mr. Mathew Bannon and Canadian – Ms. Jatinder Kaur Randhawa at the request of Seychelles Revenue Commission as part of its capacity building program. The four days training program was held from the 22nd to 25th May 2018 in Seychelles and was funded by the World Customs Organisation Secretariat.
With this training, the Customs officers aim to be more proactive in their daily responsibilities especially with regards to improving Seychelles border security and combat illicit trades more effectively.
Photos above: The participants during the training sessions and in a souvenir photo with the two WCO
experts and the Commissioner General of SRC.
Cont
ribut
ing
Towa
rds a
Stro
nger
Sey
chell
es
Quarterly Journal of Information www.src.gov.sc Page 16
ISSUE JULY 2018 Journal of Information
Data taken from http://www.doingbusiness.org/data/exploreeconomies/seychelles
Ease of Doing Business Rank 95
Starting a Business 141
Dealing with Construction Permits 131
Getting Electricity 134
Registering Property 62
Getting Credit 133
Protecting Minority Investors 108
Paying Taxes 29
Trading across Borders 88
Enforcing Contracts 130
Resolving Insolvency 67
World Economic Ranking
Seychelles
What is a tax free allowance for passenger?
This is the total value of goods a passenger is allowed
to bring into the country without paying duties/taxes.
This allowance includes a given value of import as
accompanied baggage. However, in order for these
goods to be exempted they:
Must be for the personal use of the passenger
Must not be intended for resale or used as trade goods.
Must not be of a commer-cial quantity.
NB: Commercial goods are always taxable.
Customs Instructions For Passengers
...continued from page 13
New Household items will be liable to Customs duty and
taxes at the applicable rate. However, returning graduates/
residents are entitled to a concession of SR 1000 per person
on the value of the new household effects. This will apply in
the case of a passenger who is accepted by the Assistant
Commissioner of Customs as transferring to his/her place of
residence from another country to the Seychelles.
What are the documents required for the clearance of
goods at customs?
The following documents are needed for clearance of goods
at Customs:
Unaccompanied personal effects statement form collect-
ed at Customs office. The form has to be completed
and submitted as a scanned copy attached with the Bill
of Entry;
Bill of Entry using the Extended procedure IM 4000 and
National Code 9904;
Invoices/Receipts;
Bill of Lading/Airway Bill;
Packing List/ List of goods in cargo;
Copy of passport showing exit from Seychelles;
Copy of passport of most recent entry in the Seychelles;
Import permit ( if applicable) ;
Letter from organization to certify that the student/
graduate was sent for studies or in cases whereby the
student/graduate went to study at their own expenses,
they must provide document (s) proving their attend-
ance at the institution of study ( if applicable).
****************
Quarterly Journal of Information www.src.gov.sc Page 17
Staying Hydrated
Are you thirsty or is your urine really dark? Have you been experiencing things such as
headaches , fatigue, constipation, poor skin, dizziness & brain fog?
Well these are typical signs of being dehydrated !
So, why not fill up a large reusable bottle & have it near your desk. If water isn't your thing try pimping it with mint,
lemons, or oranges. You can also brew a nice cup of herbal tea
(soft drinks, alcohol, black tea & coffee don't count as it actually
dehydrates you so make sure to drink more water.
If you are doing field work,
breastfeeding, pregnant or
exercising you will need to drink more.
SRC’s 2016 office Choir Team
ISSUE JULY 2018 Journal of Information
SRC in action at job fair, meetings, workshops, trainings and when dealing with clients.
ISSUE JULY 2018
Proudly Brought to you by
Seychelles Revenue Commission, Maison Collet Mahé, Seychelles (+248) 4293737
ALSO IN THIS EDITION
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