Tax
Income Tax Order with a 25 per cent company rate and 15 per cent VAT
The Income Tax Order 21 of 1975 charges income tax on a source basis, with the company rate reduced to 25 per cent. VAT is 15 per cent under the Value Added Tax Act 12 of 2011. The Eswatini Revenue Service administers both, and SACU receipts form a large share of national revenue.
Key rules
- Jurisdiction — The Eswatini Revenue Service assesses; objections to the Commissioner General; appeals to the Revenue Appeals Tribunal and the High Court.
- Deadline — Company return: within 4 months of the 30 June year end
- Deadline — Provisional tax: two instalments
Governing law
- Income Tax Order 21 of 1975
- Value Added Tax Act 12 of 2011
- Eswatini Revenue Service Act 1 of 2008
In practice
Like Lesotho, Eswatini's fiscal position is dominated by the SACU revenue pool, which makes the domestic tax base less determinative of government revenue than the headline rates suggest and exposes the budget to South African trade performance.