Corporate Tax Comparison

Seychelles vs Turkey

Compare Seychelles and Turkey corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Published — Seychelles: 2/21/2024 · Turkey: 2/14/2024 · Time of Update — Seychelles: 10/01/2026 · Turkey: 10/02/2026

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Compare Corporate Tax

Seychelles

Turkey

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Seychelles: 2/21/2024 · Turkey: 2/14/2024 · Time of Update — Seychelles: 10/01/2026 · Turkey: 10/02/2026

Corporate Income Tax (CIT)

Seychelles

Turkey

General CIT Rate:

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).

General CIT Rate:

25 (financial companies up to 30%)

CIT Return Due Date:

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.

CIT Return Due Date:

The 30th day of the fourth month after the end of the fiscal year.

CIT Payment Due Date:

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.

CIT Payment Due Date:

Corporate income tax is paid by the end of the month in which the return is filed (30 April for a calendar-year company).

CIT Estimated Payment Due Date:

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.

CIT Estimated Payment Due Date:

Quarterly provisional tax is paid by the 17th of the second month after each quarter (17 May, 17 August, 17 November and 17 February).

Withholding Tax (WHT)

Seychelles

Turkey

Resident Withholding Tax (Dividend/Interest/Royalty):

0/0-15/NA

Resident Withholding Tax (Dividend/Interest/Royalty):

0/0/0

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

15/15/15

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

15/10/20

Value-Added Tax (VAT)

Seychelles

Turkey

General VAT Rate:

15%

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Seychelles

Turkey

General Capital Gain Tax Rate:

Capital gains are not subject to tax in Seychelles.

General Capital Gain Tax Rate:

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

Effective Tax Rate (ETR)

Seychelles

Turkey

Composite Effective Average Tax Rate:

23.20%

Composite Effective Average Tax Rate:

22.33%

Composite Effective Marginal Tax Rate:

17.33%

Composite Effective Marginal Tax Rate:

9.56%

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