Immovable Property Tax – Process Flow
September 22, 2020
The Immovable Property Tax Act 2019 came into effect in January 2020. The law is applicable to all Non-Seychellois who owns immovable Property in Seychelles.
The law provides for the imposition of a tax of 0.25% on all Immovable property that is used or intended to be used for residential purposes. The tax is based on the market value of the property and is payable to the Seychelles Revenue Commission (SRC) on or before 31 December of every financial year.
Under the law, all non-Seychellois who own(s) immovable property in Seychelles are required to register ownership of their properties with the Registrar General i.e. irrespective of the type of property - residential, commercial or industrial etc.
Please refer to the process flow above for more information on the registration, valuation and payment procedures.
Please note that for the registration aspect property owners may now submit their application form via email on firstname.lastname@example.org - as per the Immovable Property Tax (Registration of Taxpayers) (Temporary Measures) Regulations, 2020. Please note that the deadline for registration is 31st October 2020.
For additional information on Immovable Property Tax kindly click on or follow the link below:
Go to the link below for the Immovable Property Tax process flow chart;