Corporate Tax Comparison

Seychelles vs Vietnam

Compare Seychelles and Vietnam 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 · Vietnam: 8/07/2024 · Time of Update — Seychelles: 10/01/2026 · Vietnam: 9/27/2026

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Compare Corporate Tax

Seychelles

Vietnam

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Seychelles: 2/21/2024 · Vietnam: 8/07/2024 · Time of Update — Seychelles: 10/01/2026 · Vietnam: 9/27/2026

Corporate Income Tax (CIT)

Seychelles

Vietnam

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:

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:

For CIT finalisation, the due date is the last day of the 3rd month of the following financial 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:

The same as the deadline for submission of the final CIT return (i.e. the last day of the 3rd month of the following financial 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.

CIT Estimated Payment Due Date:

Quarterly payments must be made no later than the 30th day of the next quarter.

Withholding Tax (WHT)

Seychelles

Vietnam

Resident Withholding Tax (Dividend/Interest/Royalty):

0/0-15/NA

Resident Withholding Tax (Dividend/Interest/Royalty):

0/5/10

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

15/15/15

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

0/5/10

Value-Added Tax (VAT)

Seychelles

Vietnam

General VAT Rate:

15%

General VAT Rate:

10%

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Seychelles

Vietnam

General Capital Gain Tax Rate:

Capital gains are not subject to tax in Seychelles.

General Capital Gain Tax Rate:

Vietnamese companies: capital gains taxed at the standard 20% CIT rate. Foreign sellers: from December 15, 2025, capital transfers generally subject to 2% CIT on sale proceeds. Securities transfers by foreign entities: 0.1% CIT on total sales proceeds.

Effective Tax Rate (ETR)

Seychelles

Vietnam

Composite Effective Average Tax Rate:

23.20%

Composite Effective Marginal Tax Rate:

17.33%

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