VICTORIA, Seychelles, The Linyon Demokratik Seselwa has welcomed the European Union council’s decision to remove Seychelles from the list of non-cooperative jurisdictions for tax purposes. The ruling party expressed satisfaction with the outcome, noting the significant effort that went into achieving this result. The decision marks an important diplomatic achievement for the country.
In a press release issued on Tuesday night by the party’s secretary general Gervais Henrie, Linyon Demokratik Seselwa (LDS) said it believes that the European Union’s decision last October to blacklist Seychelles as a non-cooperative jurisdictions for tax purposes was unjust and unfair. The party maintained throughout that the blacklisting did not accurately reflect the country’s compliance efforts. The recent removal is being seen as a vindication of the government’s position.
Mr Henrie added: We salute the hard work of all those involved in improving the country’s legal framework in order to improve the negative assessment of our jurisdiction. He noted that the reform process required considerable effort from numerous partners across government and the private sector. The party’s statement highlighted the collaborative approach that led to the successful outcome.
As the ruling party, LDS is serious in delivering on its commitments to implement the necessary reforms on tax governance. The party reaffirmed its commitment to continuing the reform agenda to maintain compliance with international standards. Officials have stressed that the work does not stop with the removal from the blacklist, and further improvements are planned.
The party urged all partners to continue to work to safeguard Seychelles’ credibility and its reputation as an offshore jurisdiction. Maintaining the country’s standing in the international community will require ongoing vigilance and commitment to transparency. The LDS statement concluded by calling on all collaborators, both locally and internationally, to continue supporting the reform process.
