• #111 (no title)
  • About Us
  • Contact Us
  • COVID-19 Coronavirus Global Data
  • Home 3
  • Job Dashboard
  • Jobs
  • Log In
  • Post a Job
  • Privacy Policy
  • Privacy Policy
  • Reset Password
  • Sign Up
  • Tenders
  • test
Tuesday, May 30, 2023
Independent News
  • Home
  • COVID-19
    • COVID-19 Global Data
  • News
    • Local
    • South Africa
    • Africa
    • World
  • Business
    • Economy
    • Markets
    • Finance
    • Businesses
    • World Economy
  • Technology
  • Travel
    • Travel News
    • Hotels
    • Domestic Tourism
    • Health
    • Home and Garden
    • Motoring
    • Travel Tips
  • Entertainment
    • Local
    • Upcoming Events
    • International
    • Celebrity News
    • What’s On
    • Music
    • Movies
  • Tenders
  • Sports
    • Local Sports
    • Legend Corner
    • International Sports
    • Soccer
    • Rugby
    • Cricket
    • Tennis
    • Boxing
    • Cycling
    • Golf
No Result
View All Result
  • Home
  • COVID-19
    • COVID-19 Global Data
  • News
    • Local
    • South Africa
    • Africa
    • World
  • Business
    • Economy
    • Markets
    • Finance
    • Businesses
    • World Economy
  • Technology
  • Travel
    • Travel News
    • Hotels
    • Domestic Tourism
    • Health
    • Home and Garden
    • Motoring
    • Travel Tips
  • Entertainment
    • Local
    • Upcoming Events
    • International
    • Celebrity News
    • What’s On
    • Music
    • Movies
  • Tenders
  • Sports
    • Local Sports
    • Legend Corner
    • International Sports
    • Soccer
    • Rugby
    • Cricket
    • Tennis
    • Boxing
    • Cycling
    • Golf
No Result
View All Result
Independent News
No Result
View All Result
Home Business

Business organizations against SRA’s selective approach

Vusi Ndlangamandla by Vusi Ndlangamandla
April 25, 2020
in Business, Economy
2 min read
0

SRA Commissioner Dumsani Masilela

Mbabane: Eswatini’s business community has cried foul on what they called SRA’s selective approach in allocating the E90 million relief fund to small businesses in the wake of the COVID-19 pandemic which has depleted retailers’ coffers.


The money will be divided between small businesses depending on what they what they submitted to SRA in addition to their compliance in directly paying taxes. Businesses that have not honoured their obligation to directly pay their tax to government’s revenues are exempted from the fund, something which has raised concerns with business entities who felt whether formal or informal businesses should all come to benefit.


Federation of Eswatini Business Community (FESBC) Hezekiel Mabuza said in the end informal businesses come to contribute towards taxation albeit indirectly, where the money is collected by one entity in the supply chain, usually a producer or retailer and paid to the government. He said the money is passed on to the consumer as part of the purchase price of a good or service. The consumer is ultimately paying the tax by paying more for the product, said Mabuza. Fuel, liquor, groceries and cigarette taxes are all examples of indirect taxes.


Mabuza said the COVID-19 pandemic was a national disaster that sought relevant authorities to ignore failure on people and look to a rescue mission, after-which authorities can effect corrective measures on situations where people do not fulfil their obligations like the payment of direct taxes. “Are we saying the informal sector should be lent to suffer the effects of the pandemic all because they are not paying their taxes?” asked Mabuza.

Drawn for comment SRA Commissioner Dumsani Masilela said the ruling to select only the compliant businesses emanated from government which according to him was a move to encourage them.

Masilela said they were made to understand that government doesn’t have money to rescue small businesses and all they could vouch for was the E90 million from the taxes paid by the companies. “Unlike other countries like for instance Botswana Eswatini has no stock in her reserves which she would use for the rescue mission,” said Masilela.

Share2Tweet1Share1
ADVERTISEMENT
Previous Post

Government mulling to drop electricity, water tariffs

Next Post

Nhlangano a hive of activity despite lockdown

Vusi Ndlangamandla

Vusi Ndlangamandla

Related Posts

Eswatini failed business effected by Political unrest
Community News

Eswatini failed business effected by Political unrest

May 29, 2023
His Majesty King Mswati III making his remarks during the launch and sod cutting of selected business projects at Malkerns Square.
Business

King Mswati III Prioritizes Business Protection for Economic Growth and Job Creation in Eswatini

May 27, 2023
Standard bank leads in financing green energy projects
Business

Standard bank leads in financing green energy projects

May 25, 2023
Next Post
Nhlangano a hive of activity despite lockdown

Nhlangano a hive of activity despite lockdown

Discussion about this post

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Eswatini failed business effected by Political unrest

Eswatini failed business effected by Political unrest

May 29, 2023
Ministries of Finance and Commerce, Industry and Trade officials pose with CFI officials and Finance stakeholders during the launch of the Blended FinScope MSME Survey Eswatini 2023. Photo: Eswatini Government

Eswatini launches FinScope MSME survey for financial inclusion and growth

May 18, 2023
Eswatini Bank launches its Buhleni Branch

Eswatini Bank launches its Buhleni Branch

October 26, 2022
His Majesty King Mswati III making his remarks during the launch and sod cutting of selected business projects at Malkerns Square.

King Mswati III Prioritizes Business Protection for Economic Growth and Job Creation in Eswatini

May 27, 2023
Eswatini failed business effected by Political unrest

Eswatini failed business effected by Political unrest

May 29, 2023
His Majesty King Mswati III making his remarks during the launch and sod cutting of selected business projects at Malkerns Square.

King Mswati III Prioritizes Business Protection for Economic Growth and Job Creation in Eswatini

May 27, 2023
Standard bank leads in financing green energy projects

Standard bank leads in financing green energy projects

May 25, 2023
Tina Turner, ‘Queen of Rock ‘n’ Roll’, dies aged 83

Tina Turner, ‘Queen of Rock ‘n’ Roll’, dies aged 83

May 25, 2023
ADVERTISEMENT

PressReleases

Jehovah’s Witnesses ‘pursuing peace’ amid rising global tensions
Press Releases

Jehovah’s Witnesses ‘pursuing peace’ amid rising global tensions

August 10, 2022

Amid global tensions that dominate public attention, Jehovah’s Witnesses have been united with millions of others around the globe for...

Read more
New Scenarios on Global Food Security based on Russia-Ukraine Conflict

New Scenarios on Global Food Security based on Russia-Ukraine Conflict

March 21, 2022
MTN donates US$25 million to the African Union’s COVID-19 vaccination programme

AFRICA BRAND AWARDS: MTN named most helpful private sector brand during the pandemic

May 28, 2021
Close to 1 000 people to benefit in MTN, NAMBoard, SEL CSI projects

NAMBoard’s bid to improve stakeholder engagement programs

May 27, 2021

Stay Connected test

  • 13.6k Fans
  • 5.1k Subscribers

Recent News

Eswatini failed business effected by Political unrest

Eswatini failed business effected by Political unrest

May 29, 2023
His Majesty King Mswati III making his remarks during the launch and sod cutting of selected business projects at Malkerns Square.

King Mswati III Prioritizes Business Protection for Economic Growth and Job Creation in Eswatini

May 27, 2023
Standard bank leads in financing green energy projects

Standard bank leads in financing green energy projects

May 25, 2023
Tina Turner, ‘Queen of Rock ‘n’ Roll’, dies aged 83

Tina Turner, ‘Queen of Rock ‘n’ Roll’, dies aged 83

May 25, 2023


ADVERTISEMENT
Independent News

Independent News Eswatini is a registered private media house in Eswatini established in 2007 and is based in Mbabane. We are the fastest growing weekly news publication in Eswatini that seeks to publish, investigative stories that give insight and play the watchdog media role in government politics, uncovering corruption, giving business insights, technology and economic outlook in Eswatini.

Follow Us

Browse by Category

Recent News

Eswatini failed business effected by Political unrest

Eswatini failed business effected by Political unrest

May 29, 2023
His Majesty King Mswati III making his remarks during the launch and sod cutting of selected business projects at Malkerns Square.

King Mswati III Prioritizes Business Protection for Economic Growth and Job Creation in Eswatini

May 27, 2023
Standard bank leads in financing green energy projects

Standard bank leads in financing green energy projects

May 25, 2023
  • About Us
  • Advertise
  • Privacy Policy
  • Contact Us

© 2020 Independent News - All Rights Reserved

No Result
View All Result
  • Home
  • COVID-19
    • COVID-19 Global Data
  • News
    • Local
    • South Africa
    • Africa
    • World
  • Business
    • Economy
    • Markets
    • Finance
    • Businesses
    • World Economy
  • Technology
  • Travel
    • Travel News
    • Hotels
    • Domestic Tourism
    • Health
    • Home and Garden
    • Motoring
    • Travel Tips
  • Entertainment
    • Local
    • Upcoming Events
    • International
    • Celebrity News
    • What’s On
    • Music
    • Movies
  • Tenders
  • Sports
    • Local Sports
    • Legend Corner
    • International Sports
    • Soccer
    • Rugby
    • Cricket
    • Tennis
    • Boxing
    • Cycling
    • Golf

© 2020 Independent News - All Rights Reserved

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In