Times Of Swaziland: ONLY TAX COMPLIANT BUSINESSES TO BENEFIT FROM E90M FUND

ONLY TAX COMPLIANT BUSINESSES TO BENEFIT FROM E90M FUND
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BY SIBONGILE SUKATI on 16/04/2020 07:29:00


MBABANE – Do you run a small to medium sized business and have been diligently
paying your taxes?
If your answer to the above is yes, then you will benefit from the government
provided relief fund of up to E90 million.
Prime Minister Ambrose Mandvulo Dlamini yesterday stated that government  would
be providing relief of up to E90 million to businesses with a turnover of E8
million or less, which mainly are small and medium enterprises (SMEs).
He said this relief would be directed to businesses that had continually
supported the development of the country by complying with their tax
obligations, which meant they had filed and paid their taxes on time up to the
2019 tax year.
Refunds
“This amount will be paid by way of tax refunds through the Eswatini Revenue
Authority (SRA) in monthly instalments of 25 per cent of the actual tax paid in
2019,” said Dlamini.
He said the specific guidelines on this relief would be provided through the
SRA.
The PM said it was evident that the pandemic was severely affecting  businesses,
particularly small enterprises.
He said despite this reality, government was committed to assisting businesses
to survive the partial lockdown.
“Clearly government does not have the financial muscle and enough resources to
save businesses from collapse, but we remain determined to meet these businesses
halfway and minimise the adverse impact of this pandemic on our economy,” he
said.
Dlamini said they would target those businesses that were willing to retain
their employees and continue to pay them during this difficult period.