Income and Non-Monetary Benefits Tax (Exemption) Order, 2016

Statutory Instrument 82 of 2016

Citation: Statutory Instrument 82 of 2016
Primary work: Income and Non-Monetary Benefits Tax Act, 2010
Date: 8 November 2017
Language: English
Type: Statutory Instrument

Seychelles

Income and Non-Monetary Benefits Tax Act, 2010

Income and Non-Monetary Benefits Tax (Exemption) Order, 2016

Statutory Instrument 82 of 2016

Published on 28 December 2016
Assented to on 21 December 2016
Commenced on 28 December 2016
[This is the version of this document at 8 November 2017.]

1. Citation

This order may be cited as the Income and Non-Monetary Benefits Tax (Exemption) Order, 2016.

2. Exemption

(1)The emoluments paid to an employed person during the tax year 2016 relating to the tax year 2015 as 13^th month pay in pursuance of circular No. 3 of 2015 of the Department of Public Administration are exempted from income tax.

(2)The amount of exempt emoluments referred in paragraph (1) is limited to a maximum of 1/12th of the employed person's basic salary for the tax year 2015 or SCR10,000 whichever is less.

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History of this document

08 November 2017 this version

Consolidation

28 December 2016

Published

Commenced

21 December 2016

Assented to