Seychelles flag Seychelles: Business Environment

Accounting and accounting rules in the Seychelles

Accounting Rules

Tax Year
The tax year follows the calendar year, from January 01 to December 31.
Accounting Standards
Seychelles do not reuire the use of International Financial Reporting Standards (IFRS).
Accounting Regulation Bodies
Seychelles Business Register
Financial Services Authority Seychelles
Accounting Reports
In Seychelles, companies are mandated to keep accounting records that enable the financial position of the legal entity to be determined with reasonable accuracy at any time and allow for financial statements of the legal entity to be prepared.
Companies shall retain all accounting records for seven years from the date of completion of the transactions to which they relate.
Publication Requirements
Companies must provide annual reporting of their accounting records to their registered office in the jurisdiction; while large companies (with annual turnover above SCR 50 million) and non-large non-holding companies must provide an annual financial summary within six months from the financial year-end.
Professional Accountancy Bodies
Association of Seychelles Accountants
Certification and Auditing
Office of the Auditor General of the Seychelles

Financial Services Authority Seychelles
Accounting News

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Latest Update: May 2024

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