Seychelles vs San Marino
Tax systems side by side: income tax rates, corporate tax, VAT, withholding, special regimes and filing rules.
Overview
 SC
Seychelles
|
 SM
San Marino
|
|
|---|---|---|
| Tax system | Territorial | Worldwide |
| Tax authority | Seychelles Revenue Commission | Ufficio Tributario |
| Authority website | Visit | Visit |
| Data year | 2026 | 2026 |
At a glance
|
SC
Seychelles
|
SM
San Marino
|
|
|---|---|---|
| Top personal income tax | 30% | 35% |
| Effective top rate | 30% | 35% |
| Corporate tax rate | 25% | 18% |
| VAT / GST | 15% VAT | — |
| Tax system | Territorial | Worldwide |
| Tax treaties | 28 | 28 |
Income tax
|
SC
Seychelles
|
SM
San Marino
|
|
|---|---|---|
| Top rate | 30% | 35% |
| Effective top rate | 30% | 35% |
| Capital gains tax | 0% | 10% |
| Capital gains notes | No separate capital gains tax; gains on business assets are generally included in business taxable income. | Capital gains on qualifying assets (plusvalenze patrimoniali) are taxed separately at 10% from 2026 (Legge 141/2025 art. 13). Gains on participations held at least twelve months may be exempt for companies under participation rules. Other income categories use fixed separate rates (for example employment termination payments 2.5%/5%, foreign dividends optionally 3% on net amounts or progressive rates). |
| Social security (employee) | 5% | 8.4% |
| Social security (employer) | 5% | 33.5% |
Withholding rates
|
SC
Seychelles
|
SM
San Marino
|
|
|---|---|---|
| Dividends | 15% | 5% |
| Interest | 15% | 13% |
| Royalties | 15% | 20% |
Other taxes
|
SC
Seychelles
|
SM
San Marino
|
|
|---|---|---|
| Corporate tax | 25% | 18% |
| Inheritance tax | — | — |
| Wealth tax | — | — |
Tax features
|
SC
Seychelles
|
SM
San Marino
|
|
|---|---|---|
| Personal income tax | Yes | Yes |
| Capital gains tax | No | Yes |
| Corporate tax | Yes | Yes |
| VAT / GST | Yes | No |
| Wealth tax | No | No |
| Inheritance tax | No | No |
| Exit tax | No | No |
| CFC rules | No | No |
| Digital services tax | No | No |
| Crypto-specific rules | No | No |
| Participation exemption | No | Yes |
| Territorial exemption | Yes | No |
Special regimes
|
SC
Seychelles
|
SM
San Marino
|
|
|---|---|---|
| Digital nomad tax regime | No | No |
| Non-dom regime | No | No |
Active special regimes in Seychelles
None recorded
Active special regimes in San Marino
Residency and filing
|
SC
Seychelles
|
SM
San Marino
|
|
|---|---|---|
| Residency threshold | 183 days | 183 days |
| Filing deadline | March 31 | July 31 |
| Automatic extension | No | No |
| Residency rules | An individual is a resident person if they normally reside in Seychelles, are domiciled in Seychelles (unless they have a permanent place of abode outside), or are present in Seychelles for 183 or more days in aggregate in any 12-month period that begins or ends in the tax year (Business Tax Act). Residency affects sourcing and withholding but does not extend business tax to foreign-source income except where the post-2021 substance rules apply to covered companies. | An individual is generally tax resident with a registered address in San Marino or physical presence for more than six months in the tax year (183 days). Non-residents are taxed only on income deemed San Marino–source under Legge 166/2013 art. 5. |
| Filing notes | Business and presumptive tax returns are due 31 March after the calendar tax year (substituted accounting years may apply on approval). Employment income tax is withheld monthly and remitted by the 21st of the following month via the Business Activity Statement. VAT returns follow monthly or quarterly cycles depending on registration type. | Taxpayers file annual IGR returns; Legge 141/2025 moved the ordinary deadline to 31 July of the year following the tax period (previously end of June). Instalments on account follow the amended schedule in the same law. |