Bill 30 2020 - BUSINESS TAX (AMENDMENT) BILL | 30 — Seychelles law | Esheria

Bill 30 2020 - BUSINESS TAX (AMENDMENT) BILL

This bill amends the Business Tax Act and revises the definition of “permanent establishment,” including fixed places, construction projects, and certain dependent-agent and auxiliary-activity rules.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Seychelles
Instrument
Act or statute
Citation
30
Version
Undated source snapshot
Language
en
Official source
View official record ↗
amendment business tax corporate classification definitions financial thresholds group structure permanent establishment qualifying companies

Statute overview

About this statute

This bill amends the Business Tax Act and revises the definition of “permanent establishment,” including fixed places, construction projects, and certain dependent-agent and auxiliary-activity rules. This segment defines several tax-related terms and includes criteria for when related parties, qualifying expenditures, and a 50 per cent investment condition are treated as met. A company is treated as a qualifying company if it has adequate economic substance in the tax year.