Romania vs Seychelles

16

Standard business tax: 15% on the first SCR 1 million, 25% above. Telecom, banking, insurance, alcohol & tobacco manufacturers: 25% on the first SCR 1 million, 33% above. Small business presumptive tax: 1.5% on turnover (non-VAT registered, under SCR 1M turnover).

If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by June 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the sixth month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.

The business tax return is due by 31 March, three months after the end of a calendar tax year, or within three months after the end of a substituted tax year.

The final payment of CIT is usually due on the 25th of the sixth month after the end of the company's fiscal year.

The business tax balance is paid with the return: by 31 March for a calendar tax year, or within three months after the end of a substituted tax year.

Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.

Business tax instalments are paid monthly under the SRC's Pay As You Go scheme, by the 21st day after the end of each month with a Business Activity Statement; the balance is paid with the return due by 31 March.

16/NA/NA

0/0-15/NA

16/16/16

15/15/15

21

15%

Capital gains are constrained by the normal corporate income tax rate.

Capital gains are not subject to tax in Seychelles.

14.41%

23.20%

6.41%

17.33%