Application for Tax Identification Number in Seychelles
We are pleased to inform you that following recent legislative changes in Seychelles from now on any active Seychelles company with good standing status will be able to obtain Tax Identification Number (TIN) Number.
TIN could be obtained regardless whether an IBC is conducting part of its activity in Seychelles or not.
In case the company conducts part of its activities in Seychelles it must obtain TIN and in addition to register its business activities with Seychelles Revenue Commission, which is tax authority in Seychelles.
Obtaining TIN does not trigger any tax liabilities in Seychelles. The tax liability will arise only if IBC conducts its business activity in Seychelles.
The option to obtain TIN is available starting from 1 May 2019. For efficiency purposes Kaizen intends to opt for batch filing application process proposed by the Regulator, whereby all IBC companies which intend to obtain TIN numbers will be provided with such automatically.
Our fees for application for TIN in Seychelles is USD400 (USD300 for application) plus deposit for de-registration which is USD100. The de-registration fees are charged in advance for the case where company is being abandoned. The company shall deregister from the TIN number in SRC, otherwise the penalties will be imposed to the company by SRC.
In respect of the time frame, in general the Tin can be obtained within 5 working days after submission of application.
Important:
In case your company is already conducting part of its activities in Seychelles or plans to do so, please advise us accordingly, so we could notify tax authority in Seychelles, register your company for TIN and initiate business registration.
Considering the latest legislative changes in low tax and zero-tax jurisdictions, such as Belize and BVI, where great uncertainty creates significant concerns for businesses, and in the light of the new opportunity to obtain TIN for Seychelles IBCs, we kindly remind you of the option to redomicile the companies registered in other jurisdictions to Seychelles.
If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Tel: +852 2341 1444
Mobile: +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa
Email: info@kaizencpa.com
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