Brightwell Nkambule, the Commissioner General (CG) of the Eswatini Revenue Service (ERS) says as much as they are witnessing an increase in tax compliance, Value Added Tax (VAT) remains a major concern for them.
The CG disclosed this yesterday during a media engagement where the Service launched itsSondzela Sikhulume Campaign. The campaign aims to encourage clients, both individuals and businesses, to proactively engage with the Eswatini Revenue Service (ERS) to explore tailored solutions for managing their tax matters.
When making his remarks Nkambule revealed that there are over 5510 clients in the country who are VAT registered. He said VAT evasion for 2023 alone currently sits at E554 million.
The CG classified the behaviour they have been observing from their clients.
- VAT registered clients collecting VAT and under-declaring
- VAT registered clients collecting VAT and not declaring, and not remitting collected VAT.
- VAT registered clients declaring VAT but failing to remit payment.
- VAT un-registered clients collecting VAT.
- Un-declared import VAT at Border Posts.
- Under declared import VAT.
Nkambule further outlined changes to their legislation and penalty provisions.
