On 23 April 2019, Seychelles published Statutory Instrument 25 of 2019 in the Official Gazette, which contains the Revenue Administration (Country-by-Country Reporting Multinational Enterprise groups) Regulations, 2019. The key aspects of the regulations are as follows:
- The CbC reporting requirement applies for reporting tax years ending on or after 31 December 2019 for MNE groups meeting the standard EUR 750 million consolidated group revenue threshold in the preceding year;
- Only ultimate …