By Mbongeni Ndlela
EZULWINI – 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 — 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 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.
“This success belongs to every taxpayer and trader who fulfilled their obligations,” said ERS Commissioner General Brightwell Nkambule. “We are seeing the fruits of collaboration, innovation, and a maturing tax culture that places the Kingdom on a stronger developmental path.”
A Nation of Responsible Citizens
The improved Tax-to-GDP ratio, now at 16.7%, up from 15.9%, is a clear indicator of Eswatini’s 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.
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.
Supporting Growth, Empowering Business
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.
The revenue service also disbursed E2.62 billion in tax refunds — an 8.1% increase — ensuring fair treatment and boosting cash flow for businesses, especially during critical periods of economic recovery.
Looking Ahead with Optimism
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 “a shared opportunity” for citizens and the government to work hand-in-hand to build a prosperous Eswatini.
“We have seen what is possible when we work together,” he said. “We’re investing in smarter systems, better services, and stronger partnerships to reach even greater heights.”
As Eswatini stands tall in its commitment to transparency, service delivery, and sustainable economic growth, this achievement is a resounding reminder of what’s possible through unity, trust, and dedication.
