The cyclone caused US$4.5 million in damages and losses. This is equivalent to 0.3% of Seychelles GDP. “The Government of Seychelles will lose around US$500,000 in revenue which it collects as value added tax and business tax from Farquhar during the island’s gradual recovery,” said Mr. Wielinga. The preliminary findings show that the Indian Ocean island’s recovery needs stand at around US$8 million, he added.
Leave a Reply.
IDC are currently looking to fill a number of job vacancies within the company. For more information please click below.