SWAZILAND has finally reduced corporate tax by 7% to 30%, to encourage local and foreign investment in the kingdom. The reduction is contained in the Income Tax (Amendment) Bill of 1999 presented to the cabinet recently by finance minister John Carmicheal. Swaziland has maintained its corporate tax at 37% over the years whilst other regional countries such as South Africa have reduced their corporate tax from 35% to 30%. The primary aim of the amendment bill is to enhance the environment for conducting business in Swaziland, broaden the revenue base for government and ensure equity in the treatment of all tax payers, to close any loopholes for tax dodgers and improve compliance. Apart from the reduction of the tax, the bill seeks to reduce the normal tax rate for persons from the marginal rate of 39% to 33%.