Seychelles Drops Tax on Soy Milk

June 13, 2018 Taxation in Seychelles

Soy Milk TaxMAHE – The government of Seychelles wants people to ditch cow milk and drink soy milk, and they are offering tax incentives for those who do.

On June 8th the Cabinet of the island nation of Seychelles approved the removal of duties from the sale of non-dairy milk alternatives.

Previously all milk drinks were levied with a 25 percent duty.

The duty applied to not only dairy-based milks, but also to non-dairy alternatives such as soy milk, rice milk, almond milk, and other plant-based milks.

Now the 25 percent duty will no longer apply to the plant-based milk alternatives.

It was explained that “…the cabinet of ministers decided to remove all duty on these plant-based milk products to support people who are using them and to encourage others to follow suit for their health benefit.”

Research and an improving perception is leading a surge in the consumption and availability of plant-based milk drinks.

Further, a growing body of research is indicating that traditional dairy-based drinks are associated with a higher risk of cancer, obesity, and negative environmental impacts.