From June 1, 2009, all domestic taxes and contributions are required to be made in the national currency (Seychelles Rupees). This policy is designed to facilitate the management of money reserves and strengthen the status of our currency helping to make the rupee become fully convertible.

The decision has been taken by the Central Bank and is part of the economic reform program. 

Payments include those made in relation to Business Tax, Goods and Services Tax (GST), Trades Tax as well as Social Security Contributions. And only bodies currently making domestic tax and contribution payments in foreign exchange will be affected by this change. All of these are foreign currency earners mostly found in the tourism industry with a few in other industries such as manufacturing or offshore businesses.