Eswatini Tax Tables 2024 - Tax Rates and Thresholds in Eswatini

This page contains the tax table information used for the calculation of tax and payroll deductions in Eswatini in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ SZ, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Eswatini or would like to add to or suggest amendments to the information herein then please contact us.

Eswatini Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Eswatini are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Eswatini Tax Calculator 2024.

Eswatini provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Eswatini in 2024:

In Eswatini, social security deductions made by employees can be deductible from their gross income for the purpose of calculating taxable income. This means that contributions towards social security can potentially lower an individual's taxable income, thereby reducing the amount of income tax owed. This provision encourages participation in the social security system, offering a financial incentive for employees to contribute towards their future benefits while simultaneously reducing their immediate tax burden.

Eswatini Social Security and Payroll Deduction Rates in 2024

In Eswatini, the social security and payroll deduction system is integral to the country's social welfare and employee benefits framework. Through contributions from both employers and employees, the system funds various programs designed to support workers and their families during different life events. Understanding these deductions is crucial for both parties to ensure compliance and to appreciate the benefits provided by the system.

Pension Contributions

Pension contributions are a cornerstone of the social security system in Eswatini, aimed at providing individuals with income upon retirement. These contributions help ensure that retirees can maintain a decent standard of living, reflecting the importance of supporting the elderly population.

Health Insurance Contributions

Health insurance contributions fund the public healthcare system, offering access to medical services for employees and their dependents. This includes preventative care, treatment for illnesses and injuries, and access to hospitals and clinics. The goal is to minimize the financial burden of healthcare on individuals, promoting a healthy workforce.

Disability and Survivor Benefits

Contributions to disability and survivor benefits provide financial support to employees who are unable to work due to disability, as well as to the families of employees who have passed away. These benefits ensure that affected individuals and families have a source of income, aiding them in difficult times.

Unemployment Benefits

While Eswatini's system for unemployment benefits may not be as extensive as in some other countries, there are mechanisms in place to support individuals who lose their jobs. These include severance payments and other forms of assistance, designed to help unemployed workers transition to new employment opportunities.

Work Injury Compensation

Work injury compensation provides benefits to employees who suffer from work-related injuries or illnesses. Funded through employer contributions, this program covers medical expenses, rehabilitation, and a portion of lost wages, ensuring that workers are protected against the financial impacts of workplace accidents.

The social security and payroll deduction system in Eswatini plays a vital role in providing financial stability and access to essential services for employees and their families. By contributing to this system, employers and employees collectively support the well-being of the workforce, demonstrating the shared responsibility for social welfare within the community.

Eswatini VAT Rates in 2024

VAT rates for Eswatini are reviewed annually, you can use the VAT Calculator to calculate VAT due in Eswatini or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for Eswatini

The following tax tables are supported by iCalculator™ SZ as part of the suite of free tax tools we provide for Eswatini.