On 28 July 2015, officials from Jersey and Seychelles signed an income tax treaty. The treaty is the first of its kind between the two jurisdictions.
The treaty covers Jersey income tax and Seychelles business tax, income and non-monetary benefits tax act, and petroleum income tax.
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise of one Contracting Party furnishes services in the other Party through employees or other engaged personnel if the activities continue for the same or connected project for a period or periods aggregating more than 183 days within any 12-month period.
The following capital gains derived by a resident of one Contracting Party may be taxed by the other Party:
Gains from the alienation of other property by a resident of a Contracting Party may only be taxed by that Party.
Both jurisdictions apply the credit method for the elimination of double taxation.
The treaty will enter into force 30 day after the ratification instruments are exchanged, and will apply from 1 January of the year following its entry into force.
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