Tag: Seychelles
-
Business Tax (Country-by-Country Reporting) Regulations, 2021 in Seychelles
Seychelles has implemented Country-by-Country (CbC) Reporting regulations in line with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 framework, which aims to enhance tax transparency among large multinational enterprises (MNEs). Key Features of the Regulations Applicability: The regulations apply to MNE groups with consolidated group revenue of at least EUR 750 million and where…
-
Country-by-Country Reporting (CbCR) in Seychelles
As a member of the OECD/G20 Inclusive Framework on BEPS, Seychelles has committed to implementing the minimum standards, including the requirements set out under Action 13 for Country-by-Country Reporting (CbCR). These regulations are intended to increase tax transparency and assist tax authorities in risk assessment and base erosion prevention. This article outlines the key obligations,…
-
How CbC reporting is presented in Seychelles
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In Seychelles, the CbC reporting requirement was introduced in 2018 and is applicable to multinational companies with consolidated group revenue of more than SCR 250 million (approximately…
