Common Reporting Standard – Seychelles

CRS reporting in Seychelles requires Reporting Financial Institutions to submit reportable account and controlling person information in the OECD CRS XML format, aligned to Seychelles-specific submission and validation requirements.

Competent Authority

Seychelles Revenue Commission (SRC)

Submission Method

Electronic submission via the Seychelles Revenue Commission’s online channels (upload of CRS XML files), in line with the local AEOI reporting process.

Reporting Format / Schema

OECD CRS XML (CRS schema v.2) - Individual XML per country

Deadlines & Timelines

- CRS deadline: typically 30/06
- Reporting is submitted annually for the relevant reporting year.
- Submissions should be completed by the applicable CRS deadline, with corrections submitted as needed after initial filing.
- Late submissions or repeated errors may trigger follow-up actions by the competent authority.

Common Pitfalls

  • TIN quality issues

    Missing, invalid, or incorrectly formatted TINs for account holders or controlling persons can lead to validation failures or remediation requests.

  • Incorrect FI / NFE classification

    Misclassifying entities (FI vs Non-FI, Passive NFE vs Active NFE) can result in missing controlling person reporting and incorrect account treatment.

  • Controlling person data gaps

    Incomplete controlling person details (residence, DOB, address, TIN) is a common cause of rework, especially for Passive NFE structures and layered ownership.

  • Residence and country code mismatches

    Inconsistent residence data or incorrect ISO country codes can trigger business-rule validation issues and require resubmission.

  • XML schema and business-rule validation failures

    Files may pass schema checks but fail business rules (invalid codes, missing mandatory elements, inconsistent values), resulting in rejection or correction cycles.

  • Duplicate reporting and corrections handling

    Re-submitting previously reported accounts without applying the correct correction logic can create duplicates, complicate reconciliation, and increase remediation effort.

How REGREP supports this

REGREP supports CRS reporting for Seychelles by structuring CRS data inputs, applying validation checks to improve data quality, generating OECD CRS XML outputs aligned to jurisdictional requirements, and supporting controlled corrections and resubmissions with audit-friendly traceability.

Last Reviewed: 2026-02-01

This page provides high-level regulatory reporting information for operational and technical context only and does not constitute legal, tax, or compliance advice.