Eswatini Revenue Service

Rates and Thresholds

The rates of Income Tax applicable are as follows:

RATES OF NORMAL TAX FOR INDIVIDUALS

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

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
Interest	10%	Due 14 days after the date of accrual
Dividends for companies in Botswana, Lesotho, Namibia and South Africa	12.5%	30 days after the date on which the dividend is payable
Dividends - for other countries	15%	30 days after the date on which the dividend is payable
Sportsmen and entertainers	15%	Within 15 days from the date of payment
Contractors	15%	Within 15 days from the date of payment
Royalty and management fees	15%	Within 15 days from the date of payment
Repatriated branch profits to neighboring countries (Botswana, Lesotho, Mozambique, Namibia and South Africa	12.5%	Within 15 days from the date of payment
Repatriated branch profits to other countries	15%	Within 15 days from the date of payment
Payments to persons	15%	Within 15 days from the date of payment

NB: The above stated Rates are influenced by Double Tax Agreement applicable.

Payments to Residents
Interest	10%	Within 15 days from the end of the month in which interest was paid
Rental	10%	Within 15 days from the date of payment
Dividends	10%	Within 15 days from the date of payment
Trusts	33%	Within 15 days from the date of payment