Lesotho: 2022/2023 Tax Changes

Lesotho: 2022/2023 Tax Changes

The Minister of Finance, Honourable Thabo Sophonea, presented the Budget Speech for the Kingdom of Lesotho on the 2nd of March 2022. 
The theme for this year is "Building a Resilient, Sustainable and Innovative Economy: Fiscal Consolidation amid Covid-19".

The Income Tax (Monetary Amounts) (Amendment) Regulation, 2022 contained the following changes:

Personal Credit:

Section 73 of the Principal Act is amended by deleting the amount “M10,080.00” and substituting the amount “M10,560.00”.


Amendment of Schedule:

The second schedule to the Principal Act is amended by deleting the amount “M64,200.00” and substituting the amount “M67,440.00”. 

The effective date is 1 April 2022. 


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