By Bongiwe Dlamini

EZULWINI:Muzi Siyaya,the Business Eswatini Vice President-Trade and Commerce says,an effective tax dispute resolution mechanism remains significant in shaping or transforming the country’s economy.

Addressing corporate leaders and other stakeholders at the Royal Villas-Ezulwini on Wednesday during the annual Tax Indaba organized by Business Eswatini,the BE Vice President Trade and Commerce emphasized the significance of a business friendly tax policy adding that,it impacts job creation while fostering economic prosperity.

“Tax policy plays a pivotal role in shaping our economy. It affects how businesses operate, influences investment decisions, and ultimately impacts job creation and economic prosperity. As business leaders,it is incumbent upon us to engage in meaningful dialogue on how we can collaborate with the government to design and implement tax policies that promote sustainable growth.

In recent years, we have witnessed significant changes in tax administration,driven by technological advancements and global best practices.These changes present both opportunities and challenges.Today, we will explore these recent trends, examining how they can enhance compliance, reduce administrative burdens, and create a more efficient tax system.By embracing these innovations, we can ensure that our tax administration evolves in a manner that benefits both the government and the business community.Dispute resolution is another critical aspect of our tax system.Effective mechanisms for resolving disputes are essential for maintaining trust between taxpayers and the authorities.It is imperative that we understand these processes thoroughly and seek ways to optimize them. A fair, transparent, and efficient dispute resolution system not only upholds the rule of law but also provides businesses with the confidence they need to invest and grow”, said the Business Eswatini Vice President-Trade and Commerce.

The event was also attended by,among others,Neal Rijikernberg,the Minister of Finance who urged the private sector to assist Government in creating jobs.