Eswatini Corporate Income Tax

Corporate income tax rates and base

Eswatini levies company tax on income from a source within or deemed within the country. The headline rate was reduced to 25% for year-ends after 31 December 2024. Withholding taxes apply to a range of payments, especially to non-residents.

• Standard corporate income tax rate — 25% (for year-ends after 31 December 2024; previously 27.5%) percent (for year-ends after 31 December 2024; previously 27.5%) (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/taxes-on-corporate-income)
• Corporate tax base — All income derived from sources within or deemed within Eswatini, irrespective of the recipient's residence (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/taxes-on-corporate-income)
• Development Approval Order incentive rate — A reduced rate (commonly 10%) may apply to approved enterprises granted Development Approval Order status (approx — confirm current incentive terms) percent (approx — confirm current incentive terms) (Income Tax (Development Approval Order) provisions / Income Tax Order, 1975)
• Withholding tax on dividends (non-resident) — 15% (reduced to 12.5% for companies in Botswana/Lesotho/South Africa; 10% under the SA DTA where holding exceeds 25%) percent (reduced to 12.5% for companies in Botswana/Lesotho/South Africa; 10% under the SA DTA where holding exceeds 25%) (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/withholding-taxes)
• Withholding tax on interest (non-resident) — 10% percent (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/withholding-taxes)
• Withholding tax on royalties and management fees (non-resident) — 15% (a 5% refund may be available where a DTA applies, on application) percent (a 5% refund may be available where a DTA applies, on application) (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/withholding-taxes)
• Withholding tax on non-resident contractors/professionals — 15% percent (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/withholding-taxes)
• Withholding tax on entertainers and sportspersons (non-resident) — 15% percent (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/withholding-taxes)
• Corporate return filing deadline — Within 120 days of the 30 June year-end (extensions routinely granted, typically a further 60 days) (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/tax-administration)
• First provisional tax installment — Due within six months of the company's financial year-end (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/tax-administration)
• Second provisional tax installment — Due no later than the last day of the company's financial year (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/tax-administration)
• Tax audit lookback period — Departmental practice is to audit going back four years; there is no statute of limitations (Income Tax Order, 1975 — https://taxsummaries.pwc.com/eswatini/corporate/tax-administration)