Source-cited draft: tax overview for Lesotho (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
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Overview
Lesotho taxes income under the Income Tax Act and operates a VAT system administered by the Revenue Services Lesotho (RSL). The tax year runs to 31 March and the currency is the Lesotho loti, which is pegged 1:1 to the South African rand.
Tax year
1 April to 31 MarchIncome Tax Act (https://www.rsl.org.ls/income-tax)
Currency
Lesotho loti (LSL / M), pegged 1:1 to the South African rand (ZAR) ((approx — confirm))Common Monetary Area agreement
Tax authority
Revenue Services Lesotho (RSL)Revenue Services Lesotho Act (https://www.rsl.org.ls/)
Basis of taxation
Residents are taxed on worldwide income; non-residents on Lesotho-source income onlyIncome Tax Act (https://taxsummaries.pwc.com/lesotho)
Headline personal income tax rates
20% and 30% (progressive, two-band)Income Tax Act (https://www.rsl.org.ls/personal-income-tax)
Standard corporate income tax rate
25%Income Tax Act (https://www.rsl.org.ls/corporate-income-tax)
Concessional CIT rate (manufacturing & commercial farming)
10%Income Tax Act (https://www.rsl.org.ls/corporate-income-tax)
Does VAT/GST exist?
Yes — VAT, standard rate 15%Value Added Tax Act 2001 (https://www.rsl.org.ls/value-added-tax-vat)
Annual income tax return deadline
30 June following the end of the tax yearIncome Tax Act (https://www.rsl.org.ls/personal-income-tax)
VAT return / payment deadline
20th of the month following the tax periodValue Added Tax Act 2001 (https://www.rsl.org.ls/value-added-tax-vat)
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