Swaziland Revenue Authority
- Assess and collect all revenue on behalf of the Government
- Administer and give effect to the laws or the specified provisions of the laws set out in the Schedule and account for all revenue to which those laws apply
- Study the revenue laws and identify amendments which may be made to any revenue law for the purposes of improving the administration of, and compliance with, revenue laws
- Educate taxpayers on taxation and customs laws and the value of voluntary compliance
- Put in place effective internal control systems that promote efficiency and effectiveness in the collection of revenue whilst minimising the risk of error and fraud
- Take measures as may be required to counteract tax or revenue fraud and other forms of tax or revenue evasion
- Facilitate trade.
- The Transfer Duty Act, 1902
- The Customs and Excise Act, 1971
- The Lotteries Act, 1943
- The Graded Tax Act, 1968
- The Stamp Duties Act, 1970
- The Income Tax Order, 1975
- The Fuel Oil Levy Act, 1980
- The Sugar Export Levy Act, 1997
- The Value Added Tax Act, 2011
The SRA officially took over the responsibility of tax and customs administration from the previous Government Departments of Income Tax and Customs & Excise in 2011. It was officially launched by His Majesty King Mswati III in March 2011.
The key task of the Revenue Authority is to collect tax revenues and it is also responsible for the customs function of all the country’s ports of entry. One of the main achievements of the SRA is the successful introduction of Value Added Tax (VAT) in April 2012.
The SRA’s vision is ‘to be a modernised, credible and customer centric Revenue Authority’.
Our mission is ‘to provide an efficient and effective revenue and customs administration, driven by professional and motivated staff, that promotes compliance through fair, transparent and equitable application of the law’.
REVENUE LAWS ADMINISTERED BY THE SRA
Swaziland is a member of the Southern African Customs Union (SACU). All goods coming from outside this union are charged customs duties plus Value Added Tax (VAT) of 14%. Goods from within SACU are subject to VAT only. The VAT Act allows for zero-rating of certain goods.
The country’s income tax is progressive in nature and source based. Like in many countries, this tax is levied on income earned by individuals especially through the Pay As You Earn (PAYE) System. This is at a rate between 20% and 33%.
These rates also apply to businesses established as sole proprietors. Companies also pay tax on their profits. This is at 27.5%.
NON-RESIDENT WITHHOLDING TAX
All non-residents who earn income from a Swazi source are expected to pay Withholding tax ranging from 12.5% to 15%. Some of the main non-resident withholding taxes are: Non-resident Shareholders tax; Sportsmen and Entertainers tax; Payment of Non-Resident Contractors tax; Non-resident Withholding tax on Royalties & Management fees and Withholding tax on Repatriated income.
CONSUMPTION TAX (VALUE ADDED TAX)
Most goods and services are taxes at a standard Value Added Tax (VAT) of 14%. Otherwise there are a few goods that are charged at 0% and those that are exempt.
E1=1 South African Rand