Seychelles
Value Added Tax Act
Value Added Tax (Deferred Payment) Regulations, 2014
Statutory Instrument 117 of 2014
- Published on 31 December 2014
- Assented to on 31 December 2014
- Commenced on 1 January 2015
- [This is the version of this document at 8 November 2017.]
1. Citation
These regulations may be cited as the Value Added Tax (Deferred Payment) Regulations, 2014.2. Authorisation for deferred payment
Subject to regulation 3, the Revenue Commissioner may authorise deferred payment on importation of goods specified under regulation 7.3. Conditions for application
The Revenue Commissioner may authorise deferred payment if the applicant satisfies the following conditions—4. Application for deferred payment
An application for deferred payment shall be made by a taxable person on the form and in the manner set out in the schedule.5. Separate application
There shall be a separate application for each deferred payment.6. Deferred payment authorised after entry of goods
The Revenue Commissioner may authorise for deferred payment after the entry of the goods if he or she is satisfied that the applicant had sufficient reasons, having regards to the circumstances, for not applying for deferred payment as provided under regulation 3(c).7. Eligibility of good for deferred payment
Deferred payment facility applies to goods (excluding trading stock)—8. Letter of authorisation
Where the taxable person's application is approved, the Revenue Commissioner shall provide the applicant with a formal letter of authorisation.9. Output and input tax
A taxable person shall set out on the VAT return following the approval of the deferred payment the VAT due on imported goods both as an output and input tax.10. Repeal of S.I. 33 of 2013
The Value Added Tax (Deferred Payment Regulations, 2013 is hereby repealed.History of this document
08 November 2017 this version
Consolidation
01 January 2015
Commenced
31 December 2014
Assented to