Seychelles Compliance Report

Regulatory Overview

Regulatory Status

Some rules exist but significant gaps; draft legislation or limited guidance

Key Regulator(s)

**Regulator Name, **Violation Type

Primary Legislation

[object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object]

Travel Rule

Not adopted

Tax Reporting

**Individuals and Corporations (excluding real estate):** Seychelles generally **does not impose a capital gains tax** on the sale of assets, including virtual assets, for individuals or most corporate entities (such as International Business Companies or IBCs) unless the gain arises from the sale of immovable property situated in Seychelles.. Therefore, profits derived from the appreciation and sale of cryptocurrencies are typically **not subject to capital gains tax** in Seychelles.. **Passive Investment:** If an individual buys and holds virtual assets as a passive investment, and profits are realized through their sale (as capital gains), these are generally **not subject to income tax** due to the absence of a general capital gains tax.. **Professional Trading/Mining/Business Activity:** If an individual engages in crypto activities (e.g., active day trading, extensive mining operations, providing crypto-related services) in a manner that constitutes a regular business or employment, the profits derived from these activities could be classified as business income or employment income. This income would then be subject to the standard personal income tax rates (Progressive tax rates apply to employment income; business income is subject to Business Tax). However, the definition of "business" for crypto activities by individuals can be nuanced.. **International Business Companies (IBCs):** Historically, IBCs were exempt from all taxes on income derived from outside Seychelles. However, due to international tax reforms (e.g., BEPS and EU requirements), this has changed.

Key Facts

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