A review aimed at identifying properties that are owned by foreigners already kicked off. Seychelles Registration Department is overseeing the review across the country. This activity is in preparation for amendment of imposing new taxes on such properties expected to start this year. The department’s Registrar, Wendy Pierre noted that the review would be challenging as they were expected to cover all...
In July next year it will be implemented a tax on property owned by foreigners. A top official of the Ministry of Finance announced this during a consultative meeting on Thursday. Patrick Payet, the principal secretary for finance, said that the ministry took this decision after discussing with the government. The issue is that the real estate market is populated with foreigners. This makes prices...
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