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Income and Non-Monetary Benefits Tax (Exemption) Order, 2016 (Statutory Instrument 82 of 2016)

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This is the latest version of this legislation commenced on 08 Nov 2017.

Seychelles

Income and Non-Monetary Benefits Tax Act, 2010

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

Statutory Instrument 82 of 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 13th 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.