Income Tax Returns

WHY SUBMIT AN INCOME TAX RETURN?

For effective reconciliation of one's income tax affairs
To enable calculation of income tax due (or refund)
If you had an assessed loss in your business, by filling an Income Tax Return, you will carry forwarded that loss.
Timely submission of returns helps you avoid penalties and interest charges

WHO MUST SUBMIT INCOME TAX RETURNS

Note: some aspects of this may vary from year to year in line with the notice published by the Commissioner General

Every Company
Every person, (other than a company or a trust) who received any gross income sourced in Swaziland and was not ordinarily resident in Swaziland during the relevant year of assessment
A pensioner who was ordinarily resident in Swaziland, who has multiple sources of income
The Public Officer of any company, in respect of such company which derived gross income during the stated year of assessment
A recognized representative of a trust fund in respect of such trust income
An employee who has two or more sources of income e.g. from Part-Time employment and/or remuneration from a different employer
An employee or a director who derived business or property income, in addition to his/her employment income
A director who receives fees from a company
A member of a clergy (e.g. pastor, priest, priestess, minister, apostle etc.) and a church executive
A Member of Parliament, board member of a statutory or similar body, a partner in a partnership, and locally recruited personnel working in embassies, consulates, missions and or international organizations
A person who derives income from providing professional independent services and their agents
A person who receives interest or dividends from funds invested in Commercial Banks, Building Societies, and Investment houses
Any person whose income is E1.2 Million Emalangeni and above
Any other person who may be required by the Commissioner General in writing to render a return of income in respect of the current year of assessment

PERSONS NOT REQUIRED TO FURNISH INCOME TAX RETURNS

A person, in continuous employment with a single employer, whose gross income during the year of assessment consisted ONLY of remuneration; save for persons whose income was E1.2 M and above
The employee’s income tax deducted was payable in terms of the prescribed tax deductions tables and subject to the Final Deduction System (FDS); save for persons whose income was E1.2 M and above
Such person did not derive any other income, or if the additional income derived, consisted of a dividend, which has been subject to a final withholding tax

HOW TO SUBMIT A TAX RETURN?

Download the form or collect it from your nearest ERS Service Centre or Tax Office
Complete the form, sign it and submit it to the ERS, attaching financials and all supporting documents, by the due date as announced by the Eswatini Revenue Service
Companies may register for e-tax and complete the return online, attaching all required documents

LATE SUBMISSION

Late return submission attracts a penalty of 20% of the tax payable or Twenty Emalangeni (E20) per day in the case of a loss