- Statutory Instrument 40 of 2007
- Primary work
- Business Tax Act, 2009
- 8 November 2017
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Business Tax Act, 2009
Business Tax (Double Taxation Agreement) Regulations, 2007
Statutory Instrument 40 of 2007
- Commenced on 28 February 2008
- [This is the version of this document at 8 November 2017.]
1. CitationThese Regulations may be cited as the Business Tax (Double Taxation Agreement) Regulations, 2007.
2. Declaration and effect of AgreementIt hereby declared that the Government of the Republic of Seychelles and the Government of Barbados have entered into the agreement specified in the Schedule for the purposes of avoidance of double taxation and prevention of fiscal evasion and that the agreement shall have effect in relation to the tax imposed under this Act.
Convention between the Government of the Republic of Seychelles and the Government of Barbados for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capitalThe Government of the Republic of Seychelles and the Government of Barbados, desiring to conclude a Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital,Have agreed as follows:
Article 1 – Persons coveredThis Convention shall apply to persons who are residents of one or both of the Contracting states.
Article 2 – Taxes covered
Article 3 – General definitions
Article 4 – Resident
Article 5 – Permanent establishment
Article 6 – Income from immovable property
Article 7 – Business profits
Article 8 – International transport
Article 9 – Associated enterprises
Article 10 – Dividends
Article 11 – Interest
Article 12 – Royalties
Article 13 – Capital gains
Article 14 – Dependent personal services
Article 15 – Directors' feesDirectors' fees and other similar payments derived by a resident of a Contracting state in his capacity as a member of the board of directors of a company which is a resident of the other Contracting State may be taxed in that other State.
Article 16 – Entertainers and sports persons
Article 17 – Pensions
Article 18 – Government service
Article 19 – Professors and teachers
Article 20 – Students and traineesPayments which a student or business trainee or apprentice who is or was immediately before visiting a Contracting State a resident of the other Contracting State and who is present in the first-mentioned State solely for the purpose of his education or training, receives for the purpose of his maintenance, education or training shall not be taxed in that State, provided that such payments arise from sources outside that State.
Article 21 – Donations to charitable institutions
Article 22 – Other income
Article 23 – Elimination of double taxation
Article 24 – Non-discrimination
Article 25 – Mutual agreement procedure
Article 26 – Exchange of information
Article 27 – Members of diplomatic missions and consular postsNothing in this Convention shall affect the fiscal privileges of members of diplomatic missions or consular posts under the general rules of international law or under the provisions of special agreements.
Article 28 – Entry into force
Article 29 – TerminationThis Convention shall remain in force indefinitely but either of the Contracting States until may terminate the Convention through diplomatic channels, by giving to the other Contracting State written notice of termination not later than the thirtieth day of June of any calendar year starting five years after the year in which the Convention entered into force. In such event, the Convention shall cease to have effect—
|For the Government of the Republic of Seychelles
Minister of Finance
|For the Government of Barbados
Billie A. Miller
Minister of Foreign Affairs and Foreign Trade
History of this document
28 February 2008