More incentives to boost farming and fisheries sectors


13-July-2012

This follows consultations with the Ministry of Natural Resources and Industry (MNRI).
As of July 1, 2012 all employees of farming or fishing activities will be liable to R100 monthly income tax that would be deducted from the gross emoluments as Income and Non Monetary benefits, instead of the 15% rate applied to other employees.

The employer will be responsible to withhold the amount and pay it to the Seychelles Revenue Commission by the 21st of the following month. For example, for the month of July the payment should be made by August 21.

In a separate move to help further boost the livestock sector, the MFTI and MNRI have agreed on a series of actions to revamp the animal feed factory, hatchery and abattoir.
This includes the transfer of operations of the three units to a new private operator from August 1.

Through these measures the government expects an increase in efficiency in the production of pork which in turn should result in an increase in output this year, as well as an increase in the production of broilers by end-2012.

These moves should also help livestock farmers to better compete with imported pork and poultry.

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