Times Of Swaziland: BUSINESS ESWATINI ADVOCATES FOR FAIR AND EQUITABLE TAX REGULATIONS

BUSINESS ESWATINI ADVOCATES FOR FAIR AND EQUITABLE TAX REGULATIONS
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Nhlanganiso Mkhonta on 12/04/2024 07:27:00


MBABANE – The fourth focus area for Business Eswtini in the call for economic
transformation is advocating for fair and equitable tax regulations and
administration.
BE Vice President: Trade and Commerce Muzi Siyaya stated that as BE they were
advocating for tax policies that were fair, transparent and equitable. He said
this system that supports business growth while ensuring a fair contribution to
the nation’s development. He mentioned that as BE they appreciated the
government for reducing Corporate Tax from 27 to 25 per cent as such would
relief the burden from businesses.
The fifth focus for BE is on efficient public procurement system with the timely
payment of suppliers. Siyaya said Business Eswatini acknowledges the strides
taken by the Ministry of Finance in reducing government arrears, particularly to
the private sector.
He stated that their feedback from members was that there were still ways to go
to completely clear those arrears, but also emphasis should be on efforts to
improve the efficiency of the public procurement system coupled with prompt
payments to suppliers to ensure the sustainability of businesses and the supply
chain.
Siyaya said their high-level suggestions include: enhancing transparency,
strengthening the regulatory framework, adopting e-government procurement
systems, improving accountability and promoting competition and inclusion.
He said these recommendations aligned with the objectives of the Eswatini Public
Procurement Regulatory Agency (ESPPRA) to deliver a public procurement system
that accelerates economic growth through best practices and innovative
solutions.