Information about Seychelles Minimum wage and taxes.

Seychelles is an island country located in the Indian Ocean. Minimum wage in Seychelles may vary depending on the age and professional experience of employees. As of 2021, the minimum wage in Seychelles is set on an hourly basis and is set at 26.72 Seychelles rupees per hour in 2021. The tax system in Seychelles includes various taxes such as income tax and consumption tax. Income tax is collected on the income earned by individuals and is determined in the form of tax brackets. As of 2021, income tax brackets in Seychelles are as follows: - The tax rate for the first 8,555 Seychelles rupees of income is 0%. - For income between 8,556 - 14,260 Seychelles rupees, the tax rate is 15%. - For income between 14,261 - 25,000 Seychelles rupees, the tax rate is 20%. - For income between 25,001 - 40,835 Seychelles rupees, the tax rate is 30%. - For incomes of 40,836 and above, the tax rate is 35%. Consumption tax is collected on consumer goods and services and is generally applied at a rate of 15%. Besides this, there are other types of taxes in Seychelles such as real estate tax, vehicle tax and social security contributions paid by employers. This information provides a general overview, and tax rates and minimum wages may change over time. People living in Seychelles are advised to contact their local tax authority or employer for more up-to-date and detailed information on taxes and minimum wage.