Seychelles or Vietnam: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Seychelles and Vietnam weigh about the same on the taxpayer.

Tax Seychelles Vietnam Gap
Corporate income tax headline rate 25% 20% +5.0 points
Personal income tax top bracket 0% to 25% 5% to 35% −10.0 points
VAT standard rate 15% 10% +5.0 points

Detailed schedules

Corporate income tax

Seychelles

Up to 1,000,000 SCR profit 15%
Over 1,000,000 SCR 25%

Vietnam

General rate 20%
SMEs 15 to 17% depending on conditions, 2025 law 15%

Personal income tax

Seychelles

Up to 102,666 SCR 0%
102,667 to 1,000,000 SCR 15%
Over 1,000,000 SCR 25%

Vietnam

n/a

See the Seychelles page See the Vietnam page