The Lesotho government has published the Budget Speech 2020-21, which was delivered in parliament on 26 February 2020. Tax-related proposals presented in the speech include:
- an LSL 15 increase on the oil levy;
- a 3% and 1% adjustment on VAT on telecommunications and electricity, respectively; and
- an increase in the lower tax bracket from LSL 5,090 per month to 5,350 per month (annual bracket increase from LSL 61,080 to 64,200).
Further details of the Budget measures will be published once …