Seychelles Introducing New Environmental Levy, Reduced Tax Rate for Fish Processing and Aquaculture, and Other Changes as Part of Budget for 2023

The Seychelles Ministry of Finance, Economic Planning, and Trade has published the documents for the National Budget 2023, including the Budget Address delivered on 4 November 2022. The main proposed tax measures of the budget include:

• The introduction of a new environmental levy under the environment protection law that will be charged to visitors at the following rates from 1 April 2023:
  • small hotels with 24 rooms or less, SCR 25 per night per room;
  • medium hotels with between 25 and 50 …