Hi everyone
The Minister of Finance published the below Income Tax (Amendment of Monetary Amounts) Regulation containing the new tax rates effective 1 April 2022.
Annual tax table for 2022/2023 effective 1 April 2022:
|
Taxable Income |
Rates of Tax |
|
0 - M 67 440.00 |
20% of the amount up to M 67 440.00 |
|
More than M 67 440.00 |
M 13 488 + 30% of the amount over M 67 440.00 |
|
Tax Credit |
M 10 560.00 |
Please see the following attached:
Version 9:
- Pay Plan Patch W_HR007_LSOU9.zip
- V9 Lesotho Tax Changes 2022-2023.pdf: Detailed documentation
Version 12:
- Pay Plan Patch W_LSO004_2022R3.zip
- V12 Lesotho Tax Changes 2022-2023.pdf: Detailed documentation
Please ensure that you read through the documentation before applying the pay plan patches. The patches must be integrated to both the reference and daughter folders.
Please distribute all relevant stakeholders.