Commissioner unveils 2021 virtual tax season

MBABANE – Eswatini Revenue Authority ( SRA) Commissioner General Dumisani Masilela has notified taxpayers to submit selfassessed income tax returns for the year ended June 30, 2021.

Like in the past year, the tax returns must be s ubmitted t o t he SRA us - ing e- tax only. Submission through any other channel will be deemed as non- submission and will, therefore, incur penalties in terms of the order.

Resident

Persons liable to submit income tax returns include every person ( other t h a n a c o mpany o r t r u s t ) who r e - ceived any gross income sourced in

TAXPAYER SEGMENT

Non- VAT registered entities

THE DEADLINE

Individuals with employment income above E2 million Individuals with employment and/ or other income High Net Worth Individuals and Special Groups

Large companies ( managed under the large taxpayer unit ) VAT registered ( Companies and individuals)

All taxpayers using other approved tax years other than the Commissioner General’s tax year

t he country and was not ordinarily resident in Eswatini during the year of assessment.

Others include a pensioner who was ordinarily resident in the country who has multiple sources of income; public officer of any company; an employee

NORMAL FILING AND PAYMENT DEADLINE

October 31, 2021

November 30, 2021

December 31, 2021

Within four months after the end of the approved financial year

who earned remuneration from more t han one employer; a director of a company; a member of a clergy; Members of Parliament ( MPs) and Board members, to mention but a few.

The s e l f - a s s e s s e d r e t ur n a nd t he tax payable have the same deadline

for submission. Non- Value Added Tax ( VAT) registered entities have an October 31 deadline.

Income

Individuals with employment income above E2 million have a November 30, 2021, deadline.

Large companies ( managed under the large taxpayer unit) have up until the last day of this year to file their income tax returns.

“All e mployers, i ncl udi ng t hose who do not have employees who fall within the pay- as- you- earn ( PAYE) t ax bracket must submit an annual PAYE Reconciliation on or before

September 30, 2021.

“Taxpayers should make sure that their PAYE Reconciliations are in order and balanced before submitting,” said the commissioner.

The PAYE Reconciliation spreadsheet i s downloadable on t he SRA website. They can be forwarded t o

info@ sra. org. sz.

Persons who fail t o adhere t o t he notice commit an offence and shall, i n a ddi t i on, t o penalt i e s i mposed, be l i able on conviction t o a fine or imprisonment.