OECD deems Seychelles' tax perks not harmful

Pedro Gonçalves
clock • 2 min read

Seychelles' preferential tax regimes have been deemed not harmful by the Organisation for Economic Cooperation and Development (OECD). The ministry of Finance said: "The Progress Report shows that Seychelles meets the requirements of Action 5 of the BEPS standard, following the assessment of eight of our preferential tax regimes by the Forum on Harmful Tax Practices (FHTP)," the Seychelles News Agency reports. The regimes reviewed in the Seychelles were: International Business Companies (IBC), Companies (Special Licenses) (CSL), export services under the International Trade Zone (ITZ)...

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