Email Us
info@sra.org.sz

Contact Centre
(+268) 2406 4050


Payments


MODES OF PAYMENT

Taxpayers may use any of the following modes to make payments.

 1. OVER THE COUNTER CASH PAYMENTS

Taxpayers may make cash payments in any of the SRA's field offices; i.e. the border posts, inland container depot, airport and AGOA offices (for Customs duties and prepayment of VAT import payments only) and at SRA Service Centres (for Income Tax, Provisional Tax, PAYE, Domestic VAT, deferred import VAT, and Graded Tax payments). However, cash payments MUST NOT exceed E10 000

2. DIRECT DEPOSITS

Taxpayers may deposit, in any of the five local banks, either cash or cheques directly into the SRA's accounts. 

3. INTER-ACCOUNT TRANSFERS

A taxpayer may instruct the bank to debit a transacting account and crediting an SRA account. These are normally carried out by the bank on behalf of the taxpayer. Taxpayers are required to use the approved referencing format for this payment method.

4. ELECTRONIC FUNDS TRANSFER (EFT)

A taxpayer may make payment by transferring funds electronically into any of the SRA's accounts.

IMPORTANT:

It remains the responsibility of the taxpayer to ensure that payments are received by the SRA on time. Failure to reference a payment correctly may delay payment processing by the SRA, thereby resulting in undue penalties and interests which will not be reversed.

Taxpayers are further advised to make payments at least 48 hours before such payment is due; and in the case of a prepayment of import VAT, payment must be made at least 48 hours before the goods arrive at the port of entry so as to avoid any unnecessary delays.

5. POINT OF SALE

Use of what is commonly referred to as speed-point machines is another very convenient way that taxpayers may pay their taxes. Through the speed-point a taxpayer will use either a debit or credit card to swipe and make payment and it is instant.

The SRA currently has speed-points at Ngwenya, Lavumisa, Mahamba, Matsamo, Mananga, Sicunusa, Lomahasha, and Mhlumeni border posts. In our inland Customs and SRA Service Centres, taxpayers may use the speed points at KM III airport, Inland Container Depot, Manzini Service Centre, Corporate Place, Matsapha AGOA, Siteki Service Centre, and Matsapha Service Centre. Of importance to note is that Card Not Present transactions are not allowed.

NOTE: When making payments through direct deposits, inter account transfers and electronic funds transfer (EFT) always make sure to reference the payment in line with the SRA approved referencing format to allow for expeditious processing of the payment. Failure to reference in this format may result in your payment being routed to suspense account and therefore delaying allocation of the funds into the intended account. Penalties and interest due to late payment will be charged despite the amount being in suspense. See below for the approved format for referencing payments.

REFERENCING OF PAYMENTS

It is important that all payments made to the SRA be referenced properly to allow expeditious processing and allocation to the relevant account(s). The following elements make up the approved referencing format:

Tax ref: This is the Taxpayer Identification Number (TIN). The TIN is a nine digit number (100 xxx xxx) that is issued by the SRA on submission of a TIN Registration Form with all supporting documentation.

Tax item code: This is a two letter code that identifies what is being paid for. For the full list of the codes click here.

Calendar year: When referencing, taxpayers are required to use the calendar year instead of the tax year. NOTE that this is not the calendar year in which the payment is being made, but in respect of the payment being made. E.g., a payment made in May 2013 for a December 2012 debt will be referenced with 2012.

Tax month: Use the first 3 letters of the calendar month in respect of the payment being made. E.g. DEC for December.

A complete reference for a taxpayer whose TIN is 100 123 456 paying VAT in respect of December 2012 would therefore be referenced as follows 100123456VT2012DEC. In this way the SRA can speedily identify who paid for what and for which period thus making it easy to allocate it into the relevant account.

TAX ITEM CODES

For administrative and accounting purposes it is important to include the correct tax item code when making payment. This code provides information on the tax item for which the payment is made and it must be provided regardless of the mode of payment being used.

The table below has the total list of tax item codes for use when referencing payments:

http://www.sra.org.sz/documents/1497352150.jpg

BANK ACCOUNTS

The SRA has two (2) accounts in each of the five banks in Swaziland. One for Domestic Taxes and the other for Customs & Excise. Taxpayers are advised to use the accounts in the same bank as their own when making EFT payments; the payment will clear into the SRA account faster and therefore the SRA may timeously receipt such payment. Cross banking and use of the wrong account may cause delays in receipting of payments and therefore result in possible inconveniences for taxpayers. 

 Below are the SRA transaction accounts:

Financial Institution

Account name:

SRA Domestic Taxes

Account name:

SRA Customs & Excise

Branch code

SWIFT code

Swazi Bank

77024551236

77024551228

770009

SDSBS

Standard Bank

9110002748579

9110002961779

663164

SBICSZMX

First National Bank

62265857965

62292706086

280164

FIRNSZMX

Nedbank

020000473716

020000501329

360164

NESWSZMX

Swd. Building Society

10974386

12251676

140166

NONE

NOTE:

  • The Customs and Excise account is for payment of Customs and Excise duties and prepayment of import VAT.

The Domestic taxes account is for all transactions in relation to domestic taxes as well as deferred import VAT.

VIEW FORMS


  View all Application Forms

  View all Customs and Excise Forms

  View all VAT Forms

  View all Income Tax Forms

  View all Other Forms




PUBLICATIONS

 

    TAX CALENDAR   SEE ALL DATES

Provisional Tax:

1st payment is due no later than 31st December

2nd payment is due no later than 30th June

3rd payment is due on receipt of Notice of Assessment after having submitted Income Tax returns


Remittance of PAYE:

No later than the 7th every month


See All


© 2017 Swaziland Revenue Authority. All rights reserved

Website Designed by Real Image Internet