Lesotho: Budget for 2013–14 – details
March 7, 2013The Budget for 2013–14 was presented to Parliament by the Minister of Finance on 22 February 2013.
Details, which, unless otherwise indicated, will apply from 1 April 2013, are summarized below.
Direct taxation
Corporate taxation
No changes have been proposed.
Personal taxation
The Minister has proposed:
- To increase the personal income tax credit from LSL5,755 to LSL6,100
- To revise the personal income tax brackets as follows:
| Amount (LSL) | Rate (%) |
| Up to 51,670 | 22 |
| Over 51,670 | 35 |
Indirect taxation
No changes have been proposed.
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