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Seychelles: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2000: Issue 162
Language:
English
Publication Date:
18 Dec 2000
DOI:
https://doi.org/10.5089/9781451836202.002
ISBN:
9781451836202
ISSN:
1934-7685
Pages:
69
Keywords:
ISCR; CR; Seychelles; bank; balance of payments; power generation plant; banking system; central bank; Seychelles government; foreign exchange account; foreign exchange receipt; debt management; bank reserves; credit risk; intermediating bank; creditor bank; Commercial banks; Tourism; Imports; Treasury bills and bonds; Global; East Africa
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund