Swaziland

Overview

Last reviewed - 21 April 2020

Swaziland, 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, Swaziland is the world's last absolute monarchy. The official languages of Swaziland are English and SiSwati. The currency of Swaziland is the lilangeni (SZL), which is pegged to the South African rand.

The economy of Swaziland 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. Swaziland 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 Swaziland's government revenues, and worker remittances from South Africa substantially supplement domestically earned income.

PwC Swaziland 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 Swaziland.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%) 27.5
Corporate income tax (CIT) due dates
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
Headline PIT rate (%) 33
Personal income tax (PIT) due dates
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
Standard VAT rate (%) 15
Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy) Resident: NA;
Non-resident: 15 / 10 / 15
Capital gains tax (CGT) rates
Corporate capital gains tax rate (%) NA
Individual capital gains tax rate (%) NA
Net wealth/worth tax rates
Headline net wealth/worth tax rate (%) NA
Inheritance and gift tax rates
Inheritance tax rate (%) NA
Gift tax rate (%) NA

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.