Lesotho: New Tax rates for 2024/2025 effective 01 April 2024

Lesotho: New Tax rates for 2024/2025 effective 01 April 2024

The Minister of Finance published the Income Tax (AMA) Regulations No.25 of 2024.

The Regulation includes the following amendments:

  • The tax credit Increased from M 10 824.00 (M902.00 per month) to M 11 040.00(M 920 per month).
  • Increase in the minimum taxable income from M 69 120.00 (M 5 760 per month) to M 70 500.00 (M 5 875 per month).

Annual tax table for 2024/2025:

​

Taxable Income

Rates of Tax

0 - M 70 500.00

20% of the amount up to M 70 500.00

More than M 70 500.00

M 14 100.00  + 30% of the amount over M 70 500.00

Tax Credit

M 11 040.00

These amendments are effective 01 April 2024

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