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Rates and Thresholds

Rates of normal TAX for individual

Taxable Income Rates
ExceedsDoes not exceed

E0

E100 000

0 + 20% of the excess of E0

E100 000

E150 000

E20 000 + 25% of the excess of E100 000

E150 000

E200 000

E32 500 + 30% of the excess of E150 000

E200 000

E47 500 + 33% of the excess of E200 000

When applying the above rates, the following should be taken into account:
  • Tax payable by a natural person will be reduced by a tax rebate amount not exceeding E8 200 per tax year
  • The rates are applicable on the amount exceeding E41 000
  • The tax rebate does not apply in the case of redundant or retiring individuals
Concessionary Rates Of Normal TAX In The Case of Redundant Or Retiring Individuals
Taxable Income
ExceedsDoes not exceedRates

E0

E200 000

E0 + 25% of the excess of E0

E200 000

E300 000

E50 000 + 30% of the excess of E200 000

E300 000

E80 500 + 33% of the excess of E300 000

Tax rebate in respect of individuals over the age of 60 years is E2 700 in excess of the normal rebate

BENEFITS

Click here for information on the taxation of benefits.

TAX RATE FOR COMPANIES

The effective tax rate for companies (since the 1st July 2013) is 27.5% of taxable income.

Withholding TAX
Payments to Non-Residents
Withholding Tax – Non-ResidentsKeyTax RateDue Date

Non-resident shareholder's tax (NRST) on dividends

D

SACU Area 15%

On or before the 15th day of the following month from the date withheld

Non-resident tax on interest

I

Outside SACU 15%

On or before the 15th day of the following month from the date withheld

Withholding tax on royalties and management

R

15%

On or before the 15th day of the following month from the date withheld

Withholding tax on payments to non-resident contractor

C

15%

On or before the 15th day of the following month from the date withheld

Withholding tax payments to entertainers

E

15%

On or before the 15th day of the following month from the date withheld

Repatriated Branch Profits

BP

15%

On or before the 15th day of the following month from the date withheld

Withholding tax on payments to non-resident persons

NR

15%

On or before the 15th day of the following month from the date withheld

NB: Failure to withhold taxes renders the payer personally liable to the tax due and to additional tax, amounting to 20% of the amount of tax withheld. A company that withholds but fails to remit such tax to the Commissioner General shall be liable to additional tax amounting to:

  • 10% of the tax due for failure to remit within less than 30 days from the date on which the tax should have been paid.
  • 15% of the tax due for failure to remit if the tax is paid 30 or more days after due date but less than 90 days after the due date.
  • 20% of the tax due for failure to remit if the tax is paid 90 or more days after due date but less than 180 days after the due date.
  • 25% of the tax due for failure to remit if the tax is paid 180 days or more days after the due date.

Any taxpayer is liable to withhold and remit such tax withheld to the Commissioner General at the rates and within the dates stipulated below.

Payments to Residents
Withholding Tax – ResidentsKeyTax RateDue Date

Withholding tax on interest paid to residents

I

10%

On or before the 15th day of the following month from the date withheld

Withholding tax on dividends paid to residents

D

10%

On or before the 15th day of the following month from the date withheld

Withholding tax on rental payments by an agent

R

10%

On or before the 15th day of the following month from the date withheld

Withholding tax on payment to beneficiaries of trusts

BT

33%

On or before the 15th day of the following month from the date withheld

Withholding tax on a directive to withhold tax from any person in terms of S 59B

O

10%

On or before the 15th day of the following month from the date withheld

NB: Failure to withhold renders the payer personally liable to the tax due and to additional tax, amounting to 20% of the amount of tax not withheld. A company that withholds but fails to remit such tax to the Commissioner General shall be liable to additional tax amounting to:

  • 10% of the tax due for failure to remit within less than 30 days from the date on which the tax should have been paid.
  • 15% of the tax due for failure to remit if the tax is paid 30 or more days after due date but less than 90 days after the due date.
  • 20% of the tax due for failure to remit if the tax is paid 90 or more days after due date but less than 180 days after the due date.
  • 25% of the tax due for failure to remit if the tax is paid 180 days or more days after the due date.

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About ERS

The Eswatini Revenue Service (ERS) is a semi-autonomous revenue administration agency, established through the Revenue Authority Act No. 1 of 2008. It operates within the broad framework of Government but outside of the civil service.

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Portion 419 of Farm 50, Along MR103

info@ers.org.sz

(+268) 2406 4050

(+268) 2406 4000

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