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 March 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 third 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 due date for corporate income tax returns is typically six months after the end of the financial year.

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

Corporate income tax payments are generally due six months after the end of the financial year, in line with the return filing deadline.

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

Businesses are required to make quarterly estimated tax payments to manage their tax liabilities effectively.

16/NA/NA

0/NA/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%