Business Tax Act, 1987 - Seychelles Revenue Commission

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FIRST SCHEDULE - RATES OF TAX SECOND SCHEDULE - EXEMPTIONS THIRD SCHEDULE - DEPRECIATION FOURTH SCHEDULE - STATEMENT OF PARTICULARS FIFTH SCHEDULE - MISCELLANEOUS FEES SIXTH SCHEDULE - SPECIFIED BUSINESS SEVENTH SCHEDULE - SPECIAL DEDUCTIONS BUSINESS TAX (INSTALMENT OF TAX) REGULATIONS BUSINESS TAX (DEDUCTION OF PROVISIONAL TAX AT SOURCE) REGULATIONS, 1990
BUSINESS TAX ACT 1987 (Act 10 of 1987) AN ACT to enable the levy, assessment and payment of a business tax in respect of the income of a business; to repeal the Income Tax Assessment Decree, 1978 and the Income Tax (Rates) Decree, 1978, and for connected purposes. ENACTED by the President and the People's Assembly. PART I - PRELIMINARY Short title 1. This Act may be cited as the Business Tax Act, 1987. Interpretation 2. - (1) In this Act, unless the context otherwise requires - "Agent" includes - (a) Every person who in Seychelles, for or on behalf of any person out of Seychelles, holds or has the control, receipt or disposal of any money belonging to the person out of Seychelles; and (b) Every person declared by the Commissioner to be an agent or the sole agent of any person for any of the purposes of this Act; "Agent’s certificate" means a certificate under section 92; "Allowable deduction" means a deduction allowable under this Act; "Assessable income" means all the amounts, which under the provisions of this Act are included in the assessable income; "Assessment" means the ascertainment of the amount of taxable income and of the tax payable thereon; "Business" means any commercial or profit making venture entered into by a person and includes any profession, trade, vocation or calling exercised by, or any leasing of property or premises or any venture in the nature of trade carried on by, a person but does not include an occupation as an employee; "Business tax" or "tax" means the business tax payable under this Act; "Capital reserve" shall have the same meaning ascribed to it by section 55 of the Companies Act 1972;
Page 1 and 2: PART 1 - PRELIMINARY Section 1 Shor
Page 3 and 4: DIVISION 4 - SPECIAL CASES 67 Taxat
Page 5: 144 False returns or statements 145
Page 9 and 10: "Exempt income" means income, which
Page 11 and 12: (a) The parent, grandparent, brothe
Page 13 and 14: (ii) In the case where the business
Page 15 and 16: (2) For the purposes of sections 21
Page 17 and 18: information is needed for the perfo
Page 19 and 20: subsection (5), be jointly and seve
Page 21 and 22: (b) anything done by a person in Se
Page 23 and 24: e applicable under subsection (1),
Page 25 and 26: SUB DIVISION C - BUSINESS CARRIED O
Page 27 and 28: Amendment of assessment for purpose
Page 29 and 30: Repairs 43. (1) Expenditure incurre
Page 31 and 32: (4) For the purposes of the applica
Page 33 and 34: Property used 51. Where the use of
Page 35 and 36: Subscriptions to associations 56. W
Page 37 and 38: including the sinking of bores or w
Page 39 and 40: DIVISION 4 - SPECIAL CASES Taxation
Page 41 and 42: (4) The business of a Casino shall,
Page 43 and 44: (b) the business of insurance shall
Page 45 and 46: credited or distributed as a result
Page 47 and 48: Assessment of withholding tax 86. (
Page 49 and 50: Default 94. If - assessment (a) any
Page 51 and 52: (12) Notwithstanding anything in th
Page 53 and 54: Reference to 108. (1) Subject to se
Page 55 and 56: Exception 119. (1) Where an objecti
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(3) The court before which a person
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Provided that, if the estate of the
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(2) In sections 124, 125, 127, 132,
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(3) The Commissioner may in any cas
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Averment of plaintiff sufficient 15
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Registration of tax agent 166. (1)
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(3) The Board may cancel the regist
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(f) the public officer shall be ans
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Person 175. (1) Every person (inclu
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and make or require any person to m
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8. Government of Barbados Gazetted
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carrying on the business of lending
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SECOND SCHEDULE EXEMPTIONS Section
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S.I. 59 of 1997 32. The income of t
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(a) in relation to the tax year in
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Normal Depreciation Tax.Yr1 Tax Yr2
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c. Statement of salary, allowances
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Schedule for Partnerships P/T 2006
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iii) iv) the Commissioner of Taxes
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SIXTH SCHEDULE (Section 2(1)) SPECI
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S.I. 77 of 1998 S.I.41 of 2001 x Sp
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Business Tax Act, 1987 - Seychelles Revenue Commission

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