Question 1

Does Eswatini have a capital gains tax?

Accepted Answer

No. PwC's Worldwide Tax Summaries for Eswatini states that there is no capital gains tax in Eswatini. Whether you sell shares after a week or a building after twenty years, the gain itself is not taxed.

Question 2

So what does selling property or shares cost?

Accepted Answer

Stamp tax, on a sliding scale rising to 6%, is payable on transfers of real estate, mortgages, leases and shares. It is charged on the transfer rather than the gain, so it is owed whether the sale makes a profit or a loss. Eswatini has no annual property tax.

Question 3

Is crypto taxed in Eswatini?

Accepted Answer

Not as a capital gain. A private sale of crypto is a capital disposal and no capital gains tax exists to tax it.

Question 4

When would tax touch my sale?

Accepted Answer

When you are trading rather than investing. Capital gains stay outside income tax only when they are of a capital and not an income nature; proceeds of a business or repeated trading activity are income and are taxed on the income tax schedule, from 20% up to 33%.

Question 5

What does the tax summary say about capital gains?

Accepted Answer

Eswatini has no capital gains tax. PwC Worldwide Tax Summaries, individual income determination, states: "There is no capital gains tax in Eswatini." A private disposal of shares, funds, crypto, property or other valuables creates no tax on the gain. Source: https://taxsummaries.pwc.com/eswatini/individual/income-determination

Question 6

When is a gain treated as income?

Accepted Answer

The corporate summary gives the same position and the one qualification: capital gains are not subject to income tax provided the gains are of a capital and not an income nature. Proceeds of an activity that amounts to a business or a repeated trading venture are income and are taxed under the income tax schedule, not as a capital gain. Source: https://taxsummaries.pwc.com/eswatini/corporate/income-determination

Question 7

What is charged on a transfer instead?

Accepted Answer

What is charged on a transfer instead of a gains tax: a stamp tax on a sliding scale rising to 6% is payable on transfers of real estate, mortgages, leases and transfers of shares. The charge attaches to the instrument, not to the seller's gain, so it is owed whether the sale makes a profit or a loss. Source: https://taxsummaries.pwc.com/eswatini/individual/other-taxes

Question 8

Which other taxes does Eswatini not levy?

Accepted Answer

Eswatini levies no annual property tax, no net wealth tax, and no inheritance, estate or gift tax, so holding an asset or passing it on creates no separate charge alongside the sale. Source: https://taxsummaries.pwc.com/eswatini/individual/other-taxes

Asset	Tax on the gain
Shares (personal investment)	Nothing. Eswatini has no capital gains tax; stamp tax applies to the transfer of the shares
Crypto	Nothing on the gain
Funds and ETFs	Nothing on the gain
Unlisted shares	Nothing on the gain; stamp tax applies to the transfer
Other valuables	Nothing on the gain
Property (personal investment)	Nothing on the gain; stamp tax on a sliding scale rising to 6% is charged on the transfer itself, whether the sale gains or loses

Charge	What it applies to
Stamp tax	Transfers of real estate, mortgages, leases and shares, on a sliding scale rising to 6%
Income tax	Earnings and income-natured proceeds, 20% to SZL 100,000, 25% to SZL 150,000, 30% to SZL 200,000 and 33% above, less an annual rebate of SZL 8,200
VAT	Supplies of goods and services at 15%; a private investment sale is not a supply
Property, wealth, inheritance and gift taxes	None exist

Eswatini capital gains tax: none, stamp tax on transfers

Taxes on selling shares, crypto and property in Eswatini

What you pay when you sell

What Eswatini charges instead

Eswatini capital gains tax questions

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