Seychelles
Overview of CbC reporting requirements
Seychelles has implemented the BEPS Action 13 (CbC reporting) minimum standard with two recommendations for improvement.
First reporting fiscal year: Commencing on or after 1 January 2018.
Consolidated group revenue threshold: EUR 750 million
Filing deadline: 12 months following the end of the reporting fiscal year
The domestic legal and administrative framework
Seychelles confirms that its rules have not changed and continue to be applied effectively. Seychelles continues to meet all terms of reference.
The exchange of information framework
It is recommended that the Seychelles take steps to implement processes or written procedures to ensure that the exchange of information is conducted in a manner consistent with the terms of reference relating to the exchange of information framework as soon as possible. This recommendation remains in place since the 2018/2019 peer review.
Appropriate use of CbC reports
Seychelles does not yet have controls in place to ensure the appropriate use of CbC reports.
It is recommended that the Seychelles take steps to ensure that the appropriate use condition is met as soon as possible. This recommendation remains in place since the 2017/2018 peer review.