The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
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.