Swaziland Investment Promotions Authority

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7th Floor Mbandzeni House

Libandla street
Mbabane
Swaziland

Tel (+268) 404 0470/2/3/4
Fax: (+268) 4043374

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P.O. Box 4194
Mbabane
Swaziland
H100

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Paying Taxes Report 2010 - Swaziland Among top ranking

The Paying Taxes 2010 Report was released by the World Bank and PricewaterhouseCoopers during the first week of December 2009. This report addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying the taxes. The paying taxes indicator measures tax systems from a point of view of a domestic company complying with the different tax laws and regulations in each economy.

Swaziland is one of the top ranking; overall rank 54 out of 183 world economies under the ease of paying taxes measure. According to the report, the total time taken to comply with the current tax system for the country is 104 hours per year for a total of 33 payments per year which places Swaziland at a ranking of 23. Swaziland’s total tax rate is 36.6%, ranking 72, of which 28.1% is related to tax profits and 4.5% is other taxes paid by businesses.

Source: World Bank Report

Invest in Swaziland ( 1 items )
Launch of Private Capital Flows Survey
The Private Capital Flows (PCF) survey was launched by the Honourable Minister for Finance on the 10^th February 2010 by Central Bank of Swaziland (CBS) in partnership
with SIPA and the Central Statistics Office (CSO). International statistics show that private capital flows have become increasingly important globally and to Swaziland in particular, seeing as there is an increasing size of these transactions relative to the size of the economy. This launch is an initiative aimed at improving the reliability, timelines, quality and understanding of data and the economy of Swaziland. The composition of and impetus of these flows has changed over time and there is a need to strengthen the data base so that the scale, type and economic effects of the flows can be better understood and policies to deal with or promote flows can be more effectively designed. This survey is intended to collect information on the flow of private capital, stocks and related income variables among entities, which have significant foreign financial assets and liabilities. Also, it will capture information on investor perceptions regarding the investment climate in the country and hence guide the country’s investment promotion effort.

The Swaziland Investment Promotion Authority (SIPA) was created through an Act of Parliament, the Swaziland Investment Promotion Act 1998 and was formally launched in April of the same year. SIPA is a Category A Public Enterprise and is wholly funded by the Government of Swaziland, with initial assistance from the European Union