Seychelles: Recent Economic Developments
On the revenue side of Seychelles, both tax and nontax revenues have shown marked increases during 1998–99 on account of a number of factors. A strengthening of tax administration has yielded significant improvements in tax collections, particularly in the areas of taxes on income and profits, which has increased from 4.4 percent of GDP in 1997 to 6.8 percent of GDP in 1999. Trade taxes on domestic goods and services have grown from about 7 percent of GDP in 1997 to about 8 percent of GDP in 1999.
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Volume/Issue:
Volume 2000
Issue 162
Publication date: December 2000
ISBN: 9781451836202
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Business and Economics , Banks and Banking , Exports and Imports , Investments and Securities-General , Industries - Hospitality Travel and Tourism , ISCR , CR , Seychelles , bank , balance of payments , power generation plant , banking system , central bank , Seychelles government , foreign exchange account , foreign exchange receipt , debt management , bank reserves , credit risk , intermediating bank , creditor bank , Commercial banks , Tourism , Imports , Treasury bills and bonds , Global , East Africa
Summary
On the revenue side of Seychelles, both tax and nontax revenues have shown marked increases during 1998–99 on account of a number of factors. A strengthening of tax administration has yielded significant improvements in tax collections, particularly in the areas of taxes on income and profits, which has increased from 4.4 percent of GDP in 1997 to 6.8 percent of GDP in 1999. Trade taxes on domestic goods and services have grown from about 7 percent of GDP in 1997 to about 8 percent of GDP in 1999.
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