News FlashesOctober 29, 2019

CRS News Flash 29 October 2019 – LESOTHO – Income Tax Credit Change


It is important that employers note the following:

Changes to the Second Schedule in the Income Tax Act 1993 – Annual Tax Credit

Legal Notice 84 of 2019 was published on 3 October 2019 regarding changes to the Second Schedule in the Income Tax Act 1993 (as amended) and became effective on 1 October 2019.

The law provides for an individual to be granted a non-refundable tax credit. A tax credit is a rebate or relief granted by law to individuals who made taxable income for the year of assessment. It is directly deductible from the amount after applying the applicable marginal tax rates to the chargeable income. The non-refundable tax credit has been increased from M7,260 to M9,600 per annum, effective 1 October 2019.

No changes were made to the lower tax threshold.

To view the legal notice, follow the link

Contact our legislation team at if you require any additional information.
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