1. What is SRC Tax?

The Seychelles Revenue Commission (SRC) tax is calculated based on income and the applicable tax rate. This calculator helps individuals and businesses estimate their tax liability according to SRC regulations.

2. How Does the Calculator Work?

The calculator uses the SRC tax formula:

Where:

• \( Income \) — Total taxable income in Seychelles Rupees (SCR)
• \( SRC\ Tax\ Rate \) — Applicable tax rate percentage

Explanation: The calculation multiplies the income by the tax rate (expressed as a percentage) to determine the tax amount.

3. Importance of Tax Calculation

Details: Accurate tax calculation is essential for financial planning, budgeting, and ensuring compliance with Seychelles tax regulations.

4. Using the Calculator

Tips: Enter income in SCR and the applicable tax rate as a percentage. Both values must be positive numbers (tax rate between 0-100%).

5. Frequently Asked Questions (FAQ)

Q1: What is the current SRC tax rate?
A: Tax rates vary by income bracket and tax type. Check the latest SRC guidelines for current rates.

Q2: Is this calculator official?
A: This is an estimation tool. For official tax calculations, consult the Seychelles Revenue Commission.

Q3: Does this include all tax types?
A: This calculates basic income tax. Other taxes (VAT, business tax, etc.) may require different calculations.

Q4: How often should I calculate my taxes?
A: Regular calculations help with financial planning, especially when income or tax rates change.

Q5: Where can I get official tax information?
A: Visit the Seychelles Revenue Commission website or office for official tax information and services.