Lesotho Budget Speech 2025

Lesotho Budget Speech 2025

On 19 February 2025, the Minister of Finance and Development Planning of Lesotho delivered the Budget Speech for the 2025/2026 fiscal year.

During the speech, the following payroll-related proposals were announced:

  • The minimum income tax threshold will increase to M74,040.00 per year (M6,170.00 per month) subject to a 20% tax rate.
  • Earnings above M74,040.00 per year (M6,170.00 per month) will be taxed at 35%.
  • The tax credit for individual income earners will increase from M11,040.00 per year (M920.00 per month) to M11,640.00 per year (M970.00 per month).

Currently, these proposed amendments and their effective date have not yet been enacted. We will provide further updates once they have been officially promulgated.

 

To view the full 2025 Budget Speech, please click here.


    • Related Articles

    • Lesotho Budget Speech 2024

      On February 21, 2024, the Budget Speech for the fiscal year 2024/2025 was presented by the Minister of Finance and Development Planning of Lesotho. During the budget speech, the following proposals affecting payroll were announced: Modifications to ...

    • 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 ...

    • Ghana | 2025 Budget Speech

      On 11 March 2025, Ghana's Minister of Finance, Dr Cassiel Ato Forson, delivered the 2025 Budget Speech, outlining key measures to restore the economy. As part of these efforts, several taxes have been cancelled, including the Betting Tax, COVID-19 ...

    • South Africa - Budget Speech 2023

      The 2023 Budget Speech will be presented on Wednesday, 22 February 2023.

    • Namibia: Budget speech 2022

      On the 24th of February Minister Iipumbu Shiimi concluded his 2022/2023 National Budget Speech.  This year’s budget theme is “Reimaging, a Better Future for the Youth”, in resonance with the theme of the year 2022 as announced by His Excellency ...