|
POLICY CHANGES AROUND THE IMPLEMENTATION OF THE INCOME AND NON MONETARY BENEFITS TAX REFORM
| POLICY CHANGES AROUND THE IMPLEMENTATION OF THE INCOME AND NON MONETARY BENEFITS TAX REFORM | | | | | White Paper | Ministry of Finance, Trade and Investment, | 01/09/2017 | |
The Income and Non-Monetary Benefit Tax proposed amendments introduces a new system of taxation: the progressive income tax, in order to address income inequality in the Seychelles. Income inequities in the current tax system will be mitigated by introducing a new tax rate for the highest income bracket equal to the current general business tax rate of 30 percent, thus removing tax arbitrage opportunities for taxpayers.
See also
|