Seychelles: New Deadline - Foreign Property Owners in Seychelles Must Pay Property Tax By March allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
New deadline: Foreign property owners in Seychelles must pay Property Tax by March
Victoria, Seychelles | December 10, 2020, Thursday @ 13:58 in Business | By: Sharon Ernesta | Views: 4141
Immovable Property Tax is assessed on real estate and it is usually based on the value of the property. (Gerard Larose, Seychelles Tourism Board)
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(Seychelles News Agency) - Foreigners who own property in Seychelles now have until the end of March 2021 to pay the new
Immoveable Property Tax Act.
Immoveable Property Tax (Interim Measures) Bill was approved on Wednesday by the National Assembly.
The Bill was presented by Minister of Finance, Economic Planning and Trade Naadir Hassan, who explained that it proposes certain amendments to the legislative framework relating to the Immoveable Property Act 2019 which provides for non-Seychellois to register and pay a 0.25 percent tax on the immovable property based on evaluations of the value of the said property.