Is Seychelles compliant with CRS and global tax transparency rules?

Yes, Seychelles is compliant with major global tax transparency frameworks, including the Common Reporting Standard. The Seychelles Revenue Commission states that it is responsible for ensuring Seychelles complies with international tax and financial obligations, including EOIR, CRS, CbC reporting, and FATCA. The SRC also states that Seychelles committed to its first CRS exchange in 2017.

The key difference is that CRS compliance does not mean every Seychelles company files CRS reports in the same way. CRS obligations are generally linked to Reporting Seychelles Financial Institutions and reportable accounts, while other entities may be affected differently depending on their classification and activity. The SRC also sets annual CRS filing deadlines and requires reporting financial institutions to register and report through its system.

For example, a reporting financial institution in Seychelles may have annual reporting obligations to the SRC, while a non-financial company may be affected more through ownership, due diligence, or tax analysis rather than direct CRS filing.

In decision terms, Seychelles is not outside the global transparency system. It operates within international information-sharing and compliance frameworks, even though it still retains some structural privacy features.