Seychelles: Recent Economic Developments
December 18, 2000
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On the revenue side of Seychelles, both tax and nontax revenues have shown marked increases during 1998–99 on account of a number of factors. A strengthening of tax administration has yielded significant improvements in tax collections, particularly in the areas of taxes on income and profits, which has increased from 4.4 percent of GDP in 1997 to 6.8 percent of GDP in 1999. Trade taxes on domestic goods and services have grown from about 7 percent of GDP in 1997 to about 8 percent of GDP in 1999.
Subject: Banking, Commercial banks, Economic sectors, Financial institutions, Foreign exchange, Imports, International trade, Tourism, Treasury bills and bonds
Keywords: balance of payments, bank, bank reserves, banking system, central bank, Commercial banks, CR, credit risk, creditor bank, debt management, East Africa, foreign exchange account, foreign exchange receipt, Global, Imports, intermediating bank, ISCR, power generation plant, Seychelles, Seychelles government, Tourism, Treasury bills and bonds
Pages:
69
Volume:
2000
DOI:
Issue:
162
Series:
Country Report No. 2000/162
Stock No:
1SYCEA0012000
ISBN:
9781451836202
ISSN:
1934-7685
