News FlashesApril 19, 2022

CRS News Flash 14 April 2022 – LESOTHO – Income Tax changes 2022-2023

TAX CHANGES 2022/2023
It is important that employers note the following:

Personal tax rates and tax credit
Following the 2022/2023 Budget Speech delivered on 2 March 2022, the Lesotho Government published changes to the lower tax brackets and tax credit on 8 April 2022.

In terms of the Income Tax (Monetary Amounts) (Amendment) Regulations, Legal Notice No. 35, the lower tax bracket has been increased from M64,200.00 to M67,440.00 per annum.

The law also 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. The non-refundable tax credit has been increased from M10,080 per annum to M10,560 per annum, effective 1 April 2022.

With effect from 1 April 2022, the applicable rates for PAYE are as follows:

To view the Government Gazette, follow the link.



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

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