No. VAT incurred outside Swaziland is governed by a jurisdication outside of Swaziland.
Yes. The import of goods by any person into Swaziland is taxable at the applicable rate. It is irrelevant whether or not you have incurred VAT in the country of origin. However, through Sekulula VAT Easy, the VAT incurred in the Republic of South Africa (excluding VAT incurred on Motor vehicles) may be used to settle import VAT on the Swazi side if valid. Sekulula VAT Easy requirements can be accessed here.
Section 28 and 51 of the VAT Act refers. Taxpayers must keep accounts and records for at least 5 years. Businesses have up to 5 years to claim input tax credit; the SRA can also make an assessment going back as far as 5 years in respect of output tax.
Input tax cannot be claimed in the absence of a tax invoice and if the purchase will not be used for making taxable supplies. A business will have to insist on a tax invoice from its suppliers if it is dealing with a taxable person.
Business making an annual taxable turnover of over E20million and those admitted into the import VAT deferred payment scheme are required to return monthly and all other registered businesses return quarterly.
There is currently no requirement to attach supporting documentation with a taxpayer’s return. However, all documentation that authenticates the return must be kept for a period of no less than 5 years after the end of the tax period to which they relate for inspection and auditing as and when the SRA may deem necessary.
For Normal VAT, these documents include:
This may be in the form of full tax invoices, credit notes and debit notes in terms of the third schedule of the act.
For Diplomats and Consular:
Copies of tax invoices (and original for verification)
No they do not as they are a cost to different taxpayers. Reverse charge is VAT that is incurred by the local importer of a service and must be charged in addition to the cost charged by the foriegn service provider. Reverse charge is only a mechanism that places responsibility on the local business to withhold and remit the VAT due to the SRA. E.g. if Swazi business ABC contracts South African business XYZ to provide services at E100,000; ABC will be obliged to calculate 14% VAT on that invoice, being E14,000 and remit this amouunt to SRA as a cost to them. So in principle the services being provided by XYZ will cost ABC E114,000 in total.
Withholding tax on the other hand is a cost to the foreign service provider, being tax from having generated income in Swaziland. The Swazi business ABC is obligated to withhold this amount at the applicable rate and remit to the SRA, failure of which will render ABC liable. So if XYZ quotes E100,000 it needs to be clear to them that they will only receive E85,000 which is less the 15% applicable rate or in the case of application of the Double Taxation rate which is 10%, they will receive E90,000.
In conclusion, a total of E29,000 will be remitted to the SRA although it would have been a cot to two different participants in the engagement contract.
Both the TINs of the buyer and the supplier on tax invoices enables SRA to verify the authenticity of input tax claims by crosschecking transactions between the businesses.
Registered businesses MUST display the VAT certificate in a prominent place on the business’s premises. The names and TINs of registered businesses are publicized on the SRA website. Such information is accessible to the general public (click here to search database); the public may also contact the SRA in case there is suspicion of unauthorized charging of VAT by a business.
Yes, since each enterprise or division is treated as a taxable person in its own right.
Yes. A taxable person who conducts several enterprises or operates an enterprise in separate divisions or branches may register each enterprise, division or branch separately if each one:
In such a case, the person must complete a separate application form for each branch, enterprise or division. Once registered, each enterprise branch or division is considered a separate taxable person and will get its own Taxpayers Identification Number (TIN).
Yes. Failure to do so may result in that business’ suppliers denied an input tax deduction.
A company cannot start charging VAT until the registration process is complete with all the necessary documents.
The wall certificate should be displayed at the principal place of the business. Copies (which are obtainable at the SRA Head Office) should be displayed in all other branches.
You can certainly ask the SRA to check; you can also use the tax calculator on our website to check yourself.
All church employees are liable to pay income tax (PAYE) on their remuneration (but not the church as an organization as it is, by its nature, an exempt organization.
ALL businesses registered as companies with the Registar of Companies MUST submit audited statements with their tax returns. Sole traders (registered as such) who have an annual turnover exceeding E500 000 are also expected to submit audited statements with their returns. Sole Traders earning less than E500 000 per year may not submit audited statements, though they must submit well presented books of accounts.
Any person who receives employment income of E36 000 per annum either as a full time employee or part time employee; thus any employer is required to deduct tax the tax due from any remuneration paid to their employees
Yes - at the same rate of tax as other similar accommodation offered on commercial land.
Tax is chargeable on the taxable income of a business: where there is a loss there will be no tax charged, however the loss can be carried forward to the following year but they have to be declared and assessed.
View all Application Forms
View all Customs and Excise Forms
View all VAT Forms
View all Income Tax Forms
View all Other Forms