Mbabane – The Eswatini Revenue Service (ERS) has announced a simplified process for Tax Compliance Certificates (TCC) in procurement, aimed at easing pressure on businesses and improving compliance.
In a statement issued by Commissioner General Brightwell Nkambule, ERS said it is adopting a phased and supportive approach to implementing the TCC requirement under the Income Tax Regulations of 2022.
According ERS, businesses with an annual turnover of less than E500,000 will not be required to comply with the TCC requirement for procurement transactions until 31 March 2027. However, this applies only to those without outstanding tax obligations.
For those with pending tax debts, ERS said it is open to engaging taxpayers and allowing reasonable arrangements to settle what is owed.
During this period, small businesses will also be assisted to register under the Presumptive Tax Regime. Under this system, businesses earning below E50,000 annually will not pay tax, while those earning above that threshold will pay 1.75 percent.
For businesses with an annual turnover above E500,000, ERS said it is working with procuring entities to simplify and automate the verification of tax compliance. More measures will be announced as the system is refined.
ERS has also encouraged taxpayers facing compliance challenges to take advantage of its support programmes. These include the Sondzela Sikhulume initiative and the Voluntary Disclosure Programme, which aim to help businesses regularise their tax affairs.
ERS said cooperation from taxpayers is important in supporting national development and funding public services.
The revenue body urged businesses to seek assistance through its service centres, contact centre, email and WhatsApp platforms for further guidance.
More details on the phased implementation of the TCC regulations will be communicated in due course.
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