Taxes on Income, Profits and Capital Gains (As % of Revenue) rose to 29.4% in Seychelles in 2016

Taxes on Income, Profits and Capital Gains (As % of Revenue) (%)
Economy | Seychelles | December 1, 2019
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Taxes on income, profits and capital gains as a share of revenue reached 29.4 % in 2016 in Seychelles, according to the National Statistical Office. This is 112 % more than in the previous year.

Historically, taxes on income, profits and capital gains as a share of revenue in Seychelles reached an all time high of 31.5 % in 2011 and an all time low of 10.2 % in 1997.

Seychelles has been ranked 39th within the group of 111 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue, 59 places above the position seen 10 years ago.

Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realised or not, on land, securities, and other assets.

Taxes on Income, Profits and Capital Gains (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Comoros % ... ... ... ... ... ... ... ... ...
India % 43.4% 44.8% 46.6% ... ... ... ...
Indonesia % 35.6% 34.8% 35.2% 35.3% 40.0%
Kenya % 42.5% 40.9% 46.3% 37.4% 37.4% ...
Madagascar % 21.2% 20.4% 20.5% 19.0% ... ... ...
Maldives % 2.83% ... ... 20.4% ... ... ...
Mauritius % 18.2% 17.9% 18.8% 18.8% 19.2%
Mozambique % ... 23.4% 29.5% 32.0% 35.5% 33.1%
Seychelles % 31.5% 27.9% 16.1% 15.3% 13.9% ...
Singapore % 34.4% 34.7% 33.1% 33.3% 32.7%
South Africa % 49.9% 49.2% 48.4% 47.4% 47.1%
Sri Lanka % 16.6% 16.2% 17.8% 16.7% 18.0%
Swaziland % 41.1% 18.6% ... ... ... ... ...
Tanzania % 21.6% 21.9% 25.8% 31.9% 27.2% ...