Expense rules in Seychelles.
Seychelles applies VAT at 15%. Indian Ocean tourist archipelago, offshore financial center.
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1Expense rules & reclaimable VAT
| Category | VAT | Reclaim | Cap / Note |
|---|---|---|---|
| Meals | 15% | Deductible | Tax invoice + TIN |
| Lodging | 15% | Deductible | TIN |
| Alcohol | 15% | Limited | Excluded |
| Fuel | 15% | Deductible | Invoice |
| Transport | 15% | Deductible | Taxi/airfare |
| Gifts | 15% | Non-deductible | Cap |
Receipt
TIN mandatory
2Mileage allowance
| Mode | Allowance | Cap | Note |
|---|---|---|---|
| Personal car | – | Fuel | Invoice |
| Company car | – | Card | – |
| Taxi | – | 100% receipt | Invoice |
Tracking
Date, distance
3Per diem and travel allowances
| Destination | Meal | Lodging / night | Daily rate |
|---|---|---|---|
| Victoria | SCR 350 | SCR 1 600 | SCR 2 800 |
| Praslin | SCR 380 | SCR 1 750 | SCR 3 000 |
| La Digue | SCR 350 | SCR 1 600 | SCR 2 800 |
| Other | SCR 300 | SCR 1 400 | SCR 2 400 |
Conversion
Variable
4Foreign VAT recovery
| Zone | Mechanism | Deadline | Method |
|---|---|---|---|
| Resident | Credit | Monthly | Return |
| Non-resident | None | – | Final cost |
| IBC offshore | Special regime | Per licence | IBC regime |
Limitations
Keep
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