Eswatini
Overview
Last reviewed - 15 August 2024Eswatini, a landlocked country located in Southern Africa between Mozambique and South Africa, is divided into four districts, with the royal and legislative capital in Lobamba and the administrative capital located in Mbabane. Granted independence from British rule in 1968, Eswatini is the world's last absolute monarchy. The official languages of Eswatini are English and SiSwati. The currency of Eswatini is the lilangeni (SZL), which is pegged to the South African rand.
The economy of Eswatini is dominated by the service industry, manufacturing, and agriculture, with approximately 70% of the population engaged in subsistence agriculture. Sugar, wood pulp, coal, and quarry stone are the main exports. Eswatini is heavily dependent on South Africa, from which it receives more than 90% of its imports and to which it sends 60% of its exports. Customs duties from the Southern African Customs Union (SACU) account for two-thirds of Eswatini's government revenues, and worker remittances from South Africa substantially supplement domestically earned income.
PwC Eswatini supports clients with the local knowledge, especially in the area of taxation, and skills of its people and with access to a broad range of other professionals across Africa and the PwC global network of firms. PwC has over 6,200 professionals in Africa with over 70 offices in 23 African countries, including Eswatini.
Quick rates and dates
Corporate income tax (CIT) rates | |
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Headline CIT rate (%) |
27.5%. 25% for year-ends after 31 December 2024. |
Corporate income tax (CIT) due dates | |
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CIT return due date |
Within 120 days of 30 June. |
CIT final payment due date |
Usually given on the tax assessment. |
CIT estimated payment due dates |
Two instalments: First instalment is due within six months of the company’s financial year-end, and the second instalment is due no later than the last day of the company’s financial year. |
Personal income tax (PIT) rates | |
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Headline PIT rate (%) |
33 |
Personal income tax (PIT) due dates | |
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PIT return due date |
Within 120 days of 30 June. |
PIT final payment due date |
31 December of the following year. |
PIT estimated payment due dates |
31 December and 30 June of the current year. |
Value-added tax (VAT) rates | |
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Standard VAT rate (%) |
15 |
Withholding tax (WHT) rates | |
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WHT rates (%) (Dividends/Interest/Royalties) |
Resident: NA; Non-resident: 15 / 10 / 15 |
Capital gains tax (CGT) rates | |
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Headline corporate capital gains tax rate (%) |
NA |
Headline individual capital gains tax rate (%) |
NA |
Net wealth/worth tax rates | |
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Headline net wealth/worth tax rate (%) |
NA |
Inheritance and gift tax rates | |
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Headline inheritance tax rate (%) |
NA |
Headline gift tax rate (%) |
NA |