Corporate Tax Comparison

Seychelles vs British Virgin Islands

Compare Seychelles and British Virgin Islands 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 · British Virgin Islands: 2/21/2024 · Time of Update — Seychelles: 10/01/2026 · British Virgin Islands: 10/02/2026

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Compare Corporate Tax

Seychelles

British Virgin Islands

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Seychelles: 2/21/2024 · British Virgin Islands: 2/21/2024 · Time of Update — Seychelles: 10/01/2026 · British Virgin Islands: 10/02/2026

Corporate Income Tax (CIT)

Seychelles

British Virgin Islands

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:

The British Virgin Islands does not impose a corporate income tax on businesses. This tax-free environment is a significant reason why the BVI is an attractive destination for international businesses.

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 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 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.

Withholding Tax (WHT)

Seychelles

British Virgin Islands

Resident Withholding Tax (Dividend/Interest/Royalty):

0/0-15/NA

Resident Withholding Tax (Dividend/Interest/Royalty):

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

15/15/15

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

Value-Added Tax (VAT)

Seychelles

British Virgin Islands

General VAT Rate:

15%

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Seychelles

British Virgin Islands

General Capital Gain Tax Rate:

Capital gains are not subject to tax in Seychelles.

General Capital Gain Tax Rate:

Effective Tax Rate (ETR)

Seychelles

British Virgin Islands

Composite Effective Average Tax Rate:

23.20%

Composite Effective Marginal Tax Rate:

17.33%

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