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.
Related Articles
Lesotho Payroll Tax Guide 2025-2026
The Lesotho Payroll Tax Guide is an easy-to-understand summary of statutory contributions associated with payroll for the 2025-2026 tax year.
Lesotho Product User Guide
To aid our users in the understanding and application of compliance in Lesotho, PaySpace has released an external Product User Guide. This is a "How to guide" to follow during country implementations, company maintenance, and for support queries.
Lesotho | 2025/2026 Income Tax Amendments effective 1 April 2025
The Income Tax (AMA) Regulation No. 50 of 2025 has been published, officially enacting the following amendments to Lesotho’s income tax legislation: Tax credit increase: The annual tax credit has been increased from M11 040 (M920 per month) to M11 ...
Lesotho | What is the difference between the "Non-resident" and "Part Time/Secondary" tax statuses?
The "Non-resident" and "Part Time/Secondary" tax statuses are defined and differentiated below - Navigate > Employee > Basic Information > Tax Profile > Tax Non-resident: refers to a person who is not a resident of Lesotho. Non-resident individuals ...
Zanzibar Payroll Tax Guide 2024
The Zanzibar Payroll Tax Guide is an easy-to-understand summary of statutory contributions associated with payroll for the 2024 tax year.