OrbitaxEswatini 2022/23 Budget Measures Include Corporate Tax Rate Reduction and Worldwide Income Tax Basis
|Proposed Changes|Eswatini (formerly Swaziland)
Eswatini's Minister for Finance, Neal Rijkenberg, delivered the Budget Speech 2022 in February 2022. Planned tax changes for 2022/2023 include:
- Introducing a capital gains tax for businesses that is aimed at closing loopholes that businesses are using to pay less tax;
- Increasing the monthly tax-exempt individual income amount from SZL 3,500 per month to SZL 4,000 per month, along with an incr…