Information about Swaziland Minimum wage and taxes.
Eswatini, formerly Swaziland, has some information on Minimum wages and taxes. The minimum wage in Eswatini is set at 1500 Eswatini Lilangeni (SWL) per month as of 2021. This fee applies to full-time employees. In addition, employees are required to benefit from food, accommodation and other benefits. The tax system is multi-layered in Eswatini. There are various types of taxes such as income tax, corporate tax, value added tax and import tax. Income tax is levied on personal income and rates vary depending on income level. Income tax brackets for 2021 are as follows: - 15% for income between 0-30,000 SWL - 20% for income between 30,001-60,000 SWL - 25% for income between 60,001-100,000 SWL - 33% for income of 100,001 SWL and above Corporate tax is levied on the profits of companies and its rate is 27%. Value added tax (VAT) is collected on consumption and its general rate is 15%. Some products and services for which high rates of consumption tax are charged may be subject to 0% or 14% tax. Import tax is collected from imports into the country and rates vary depending on the products. It is usually determined as a percentage and is calculated based on the value of imported products. This information provides an overview of minimum wage and tax issues in Eswatini. However, tax laws and fee policies may change over time, so it is important to verify current information with local authorities.
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