On 24 March 2023, The Minister of Finance published the Income Tax (Amendment of Monetary Amounts) Regulation (Legal Notice No.23 of 2023), containing the new tax rates effective 1 April 2023:
• the tax credit has been adjusted from M10 560.00 to M10 824.00 per annum, and
• the first tax bracket increased from M67 440.00 to M69 120.00 per annum.
Click here for the Legal Notice no. 23 of 2023.
Lesotho Tax Tables 2023/2024
Annual Personal Income Tax Tables for 1 April 2023 to 31 March 2024
Non-Refundable Tax Credit
10 824.00 per annum
Impact of the Lesotho Tax Tables Update on PaySpace
• The new tax tables and tax credit changes have been implemented on the system effective 01 April 2023.
• All Lesotho payrolls have been recalculated.
• No other statutory changes have been announced.
Should you have any questions regarding the Lesotho Tax Tables Update, please feel free to visit our Support page for more ways to get in touch, or email us at [email protected]
The PaySpace Team