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Seychelles vs Somalia
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡ΈπŸ‡¨ Seychelles
vs
πŸ‡ΈπŸ‡΄ Somalia
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0–15%
No change
0–30%
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
15%
No change
10%
No change
Corporate Tax Rate
Corporate Tax Rate
25–33%
No change
30%
No change
Capital Gains Tax
Capital Gains Tax
0%
No change
N/A
No change
Social Security & Payroll
Social Security / Payroll
3% + 20%
No change
N/A
No change
State, Regional & Local Taxes

πŸ‡ΈπŸ‡¨ Seychelles β€” Seychelles Tax System

Seychelles has a progressive income tax up to 15% β€” very low by global standards. No capital gains tax. The country is an established offshore financial centre (International Business Companies, trusts). Tourism dominates the formal economy. Business Tax (corporate tax) is 25% on the first SCR 1M, 33% above. The Seychelles Revenue Commission administers tax. EU blacklisted briefly in 2019 for harmful tax practices.

πŸ‡ΈπŸ‡΄ Somalia β€” Somalia Tax System

Somalia's formal tax system is extremely limited. The Federal Government has been rebuilding fiscal capacity since 2012 after decades of civil war. Tax revenue is less than 2% of GDP. Customs duties at ports (especially Mogadishu) are the main revenue source. Al-Shabaab controls much of the south and runs a parallel extortion-based taxation system. Income tax legislation exists on paper but enforcement is minimal.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Seychelles vs Somalia: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡ΈπŸ‡΄ Somalia has a higher top income tax rate (0–15% vs 0–30%). πŸ‡ΈπŸ‡¨ Seychelles is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Seychelles has a higher consumption tax (15% vs 10%).

🏒 Corporate Tax: πŸ‡ΈπŸ‡΄ Somalia offers a lower corporate rate (30% vs 33%), which can influence business location decisions.

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