Finland vs Seychelles

20

Standard business tax: 15% on the first SCR 1 million, 25% above. Telecom, banking, insurance, alcohol & tobacco manufacturers: 25% on the first SCR 1 million, 33% above. Small business presumptive tax: 1.5% on turnover (non-VAT registered, under SCR 1M turnover).

Four months from the end of the accounting period.

The due date for corporate income tax returns is typically six months after the end of the financial year.

Taxpayers can apply to modify the prepayment of tax until the tax assessment is completed (within ten months from the end of the fiscal year). The deadline for the final CIT payment is the third day of the second month after the completion of the tax assessment for the current year.

Corporate income tax payments are generally due six months after the end of the financial year, in line with the return filing deadline.

The company's prepayment of taxes is collected in two installments or 12 installments during the tax year. If the total amount to be paid does not exceed 2000 euros, the installments will be due in the third and ninth months of the accounting period. If the total amount to be paid exceeds 2000 euros, the installments will be due monthly (on the 23rd of each month). The tax authorities can collect or increase prepayment of taxes without application within two months after the end of the fiscal year. The tax authorities may reduce or cancel prepayment of taxes (with or without the taxpayer's application) until the tax assessment is completed.

Businesses are required to make quarterly estimated tax payments to manage their tax liabilities effectively.

0/0/0

0/NA/NA

20/0/15

15/15/15

25.5

15%

Capital gains are constrained by the normal corporate income tax rate.

Capital gains are not subject to tax in Seychelles.

19.71%

23.20%

22.6%

17.33%