{"id":67724,"date":"2025-04-03T07:48:26","date_gmt":"2025-04-03T07:48:26","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-taxpayers-propel-record-revenue-collection-of-e14-6-billion"},"modified":"2025-04-03T07:48:26","modified_gmt":"2025-04-03T07:48:26","slug":"eswatini-taxpayers-propel-record-revenue-collection-of-e14-6-billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-taxpayers-propel-record-revenue-collection-of-e14-6-billion","title":{"rendered":"ESWATINI TAXPAYERS PROPEL RECORD REVENUE COLLECTION OF E14.6 BILLION"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eswatini. <\/strong><\/span><b>A new chapter of national pride and economic resilience was written as the Eswatini Revenue Service (ERS) announced a record-breaking revenue collection of E14.6 billion for the 2024\/25 financial year \u2014 surpassing its target by E44.9 million.<\/b><\/p>\n<p>This outstanding milestone reflects not only a 12.1% year-on-year increase but a deepening culture of tax compliance and public trust across the nation. The ERS attributes this success to the collective effort of patriotic taxpayers, forward-thinking policy reforms, and cutting-edge digital innovations that have made tax compliance more accessible than ever.<\/p>\n<p>\u201cThis success belongs to every taxpayer and trader who fulfilled their obligations,\u201d said ERS Commissioner General Brightwell Nkambule. \u201cWe are seeing the fruits of collaboration, innovation, and a maturing tax culture that places the Kingdom on a stronger developmental path.\u201d<\/p>\n<p><b>A Nation of Responsible Citizens<\/b><\/p>\n<p>The improved Tax-to-GDP ratio, now at 16.7%, up from 15.9%, is a clear indicator of Eswatini\u2019s growing voluntary compliance and citizen participation in national development. Through the launch of platforms like TaxEase and the continuous simplification of customs and tax procedures, ERS has put service excellence at the forefront of its transformation.<\/p>\n<p>This client-focused approach was also celebrated during the 2nd Annual Client Appreciation Day in June 2024, where individuals and businesses were recognized for their role in building the nation through tax compliance.<\/p>\n<p><b>Supporting Growth, Empowering Business<\/b><\/p>\n<p>ERS has also championed pro-business reforms by reducing the Company Income Tax from 27.5% to 25%, introducing a progressive Presumptive Tax regime for small businesses, and raising the VAT registration threshold from E500,000 to E900,000. These reforms reduce administrative burdens and increase liquidity for smaller enterprises.<\/p>\n<p>The revenue service also disbursed E2.62 billion in tax refunds \u2014 an 8.1% increase \u2014 ensuring fair treatment and boosting cash flow for businesses, especially during critical periods of economic recovery.<\/p>\n<p><b>Looking Ahead with Optimism<\/b><\/p>\n<p>Buoyed by this success, ERS has set an ambitious revenue target of E16.56 billion for the 2025\/26 financial year. But rather than seeing it as a challenge, Nkambule calls it \u201ca shared opportunity\u201d for citizens and the government to work hand-in-hand to build a prosperous Eswatini.<\/p>\n<p>\u201cWe have seen what is possible when we work together,\u201d he said. \u201cWe\u2019re investing in smarter systems, better services, and stronger partnerships to reach even greater heights.\u201d<\/p>\n<p>As Eswatini stands tall in its commitment to transparency, service delivery, and sustainable economic growth, this achievement is a resounding reminder of what\u2019s possible through unity, trust, and dedication.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Eswatini<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eswatini. A new chapter of national pride and economic resilience was written as the Eswatini Revenue Service (ERS) announced a record-breaking revenue collection of E14.6 billion for the 2024\/25 financial year \u2014 surpassing its target by E44.9 million. This outstanding milestone reflects not only a 12.1% year-on-year increase but a deepening culture of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":67723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[249],"class_list":["post-67724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-eswatini"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ESWATINI TAXPAYERS PROPEL RECORD REVENUE COLLECTION OF E14.6 BILLION - Eswatini<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-taxpayers-propel-record-revenue-collection-of-e14-6-billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESWATINI TAXPAYERS PROPEL RECORD REVENUE COLLECTION OF E14.6 BILLION\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Eswatini. A new chapter of national pride and economic resilience was written as the Eswatini Revenue Service (ERS) announced a record-breaking revenue collection of E14.6 billion for the 2024\/25 financial year \u2014 surpassing its target by E44.9 million. 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