[20ttrDecember2010]
Supplement
to Oficial Gazette
423
S.I.94 of 2010
INCOME AND NON-MONETARY BENEFITS TAX ACT
(Act I0 of 2010)
Income and Non-Monetary Benefits Tax @ayrolt
\tithholding Statement) Regulations,2010
ln exerciseof the powersconferredby section19 (l) of the
Income and Non-Monetary BenefitsTixAc! 2010 the VicePresidentandthe MinisterofFinance andTradeherebymakes
thefol lowing Regulationsl.
These Regulations may be cited as the Income and citation
Non-Monetary Benefits Tax (Payroll WitFrtrofdingStatement)
Regulations,2010 and shall be deemedto have come into
operationon I st' July20 I 0.
2. Every employer shall submit a payroll withholding
statementtothe SeychellesRevenueCommissionerwithin 2l
daysafterthe end oithe precedingcalendarmonth.
payrotl
withholding
staremcnt
3.
The payroll withholding statementshall provide the
followingparticularsinrespectofeverypersonemployed-
particurars
in
(a) name and national identiff number of each
personin the employmentofthe employer;
O)
employmentwiththeemployer;
(c) the date and amount of each payment of
emolumentpaid to eachemployedperson;
(d) the taxable value of non-monetary benefit
provided to eachemployedperson;
(e) income tax withheld from the payment of
emolument;
ffil,o,n,
statffrcnt
Supplement
b Aficial Guette
[20thDecember201
(D theincometaxpaidby theemployerin respectof
any norFmoietary benefit provided to -each
€mploycdperson;
(g) the amount of pension fund contribution in
rcspectof eachemployedperson;and
(h) the date on which an employedpersonceased
employmentif applicable.
Additional
information
4. TheRevenueCommission
may,by noticein writing,
requirctheemployertosubrnitadditionalinforrnation.
MADE this l0th dayofl)ecember,2010.
DAT{NYAAURE
VICE.PRESIDENT
AND
MIMSTER OF T'INANCE AND TRADE