Regulatory Alerts2022-01-01
International Trade Zone (Amendment of Schedule) Regulations, 2022
The Minister of Finance for the Republic of Seychelles issued these 2022 regulations to amend the International Trade Zone (Amendment of Schedule) Regulations, 2019. The amended provisions grant existing license holders who obtain similar licenses by 31 December 2022 the right to retain their scheduled concessions until that date. Conversely, new license holders who acquired licenses after the regulations took effect are explicitly excluded from accessing those concessions.
[8th August 2022] International Trade Zone 903 REPUBLIC OF SEYCHELLES SUPPLEMENT TO OFFICIAL GAZETTE SI S.I. 85 of 2022 INTERNATIONAL TRADE ZONE ACT (Cap 227) International Trade Zone (Amendment of Schedule) Regulations, 2022 In exercise of the powers conferred by section 14 of the International Trade Zone Act, the Minister responsible for Finance makes the following regulations — Citation and commencement
- These Regulations may be cited as the International Trade Zone (Amendment of Schedule) Regulations, 2022 and shall be deemed to have th come into operation on the 27 December 2019. Amendment of S.I. 80 of 2019
- The International Trade Zone (Amendment of Schedule) Regulations, 2019 are amended as follows — (a) by repealing regulation 3 and substituting it with the following new regulation — “Special provision
- A person who is the holder of a licence under the Act prior to the date of coming into effect of these Regulations — (a) whose licence expired after the coming into force of these Regulations; and (b) who has been issued with a similar licence st under the Act, on or prior to 31 December, 2022,
[8th August 2022] International T rade Zone 904 REPUBLIC OF SEYCHELLES SUPPLEMENT TO OFFICIAL GAZETTE SI shall, notwithstanding regulation 2, continue to enjoy any concession allowed to the holder st of the licence until 31 December, 2022 under the Schedule as if the Schedule has not been amended.” (b) by inserting after regulation 3 the following new regulation — “Exception 4. A person who is the holder of a licence under the Act after the date of coming into effect of these Regulations who was not a holder of a licence prior to the coming into force of these Regulations shall not be entitled to enjoy any concession provided for under regulation 3.” MADE this 5th day of August, 2022. NAADIR HASSAN MINISTER OF FINANCE, NATIONAL PLANNING AND TRADE ———————