Tax Alert: Eswatini:

The purpose of this notice is to highlight the changes in the Eswatini National Provident Fund (ENPF) which were announced by the Chief Executive Officer Prince Lonkokhela.

The Eswatini National Provident Fund (ENPF) resolved that the ceiling amount for wages for the purposes of payment of statutory contributions to the Fund will be increased from E2 500.00 to E2 700.00 per month.

The changes were approved by the Honourable Minister of Labour and Social Security as contained in the Legal Notice Number 171 dated 16 December 2014, effective from 01 January 2019.  

 

Payroll Impact

The employee contribution will be based on 5% of the base, up to a maximum contribution of E135.00 per month.