Ezulwini – Tax experts from the African Tax Administration Forum (ATAF) are in the Kingdom this week working with the Eswatini Revenue Service (ERS) to develop a framework for taxing high-net-worth individuals (HNWIs), as the country moves to strengthen its domestic revenue collection.
ATAF experts Mr Paul Khanare and Mr Michael Mwaura from the Kenya Revenue Authority are working alongside ERS to build a HNWI taxation framework tailored to Eswatini’s economic and social context.
The mission follows the publication of ATAF’s Guide to Implementing an Effective High-Net-Worth Individual Taxation Regime in Africa, which listed Eswatini as one of its case study countries. The Kingdom has since taken deliberate steps to implement the study’s recommendations.
The experts are supporting ERS in several key areas, including defining and identifying HNWIs, strengthening legal and administrative frameworks, improving the use of taxpayer data and compliance risk management, and developing a country-specific HNWI strategy.
Eswatini joins Lesotho as another ATAF member putting research into practice to strengthen compliance, address revenue leakages and mobilise more domestic resources for development.
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