The Minister of Finance of Lesotho published the Income Tax (Amendment of Monetary Amounts) Regulation (Legal Notice No.23 of 2023) on 24 March 2023.

INCOME TAX (AMA) REGULATIONS NO.32 OF 2023.pdf

The regulation included the following changes:

• Increase in the tax credit from M10,560 (M880 per month) to M10,824 (M902 per month)
• Increase in the minimum taxable income from M67,440 (M5,620 per month) to M69,120 (M5,760 per month)

The changes are effective 1 April 2023.

Take note: Notification will be posted here on Sage City, as soon as the new tax tables files are available.

Related article: 

• How do I setup real-time email notifications for forum posts on Sage City?
• How do I setup email digest notifications on Sage City?