The Lesotho Revenue Authority published a notice on tax relief measures for the COVID-19 pandemic. With respect to corporate income tax, this includes that the income tax filing season is extended to the end of September 2020. Returns are normally due at the end of June for the standard year ending 31 March. In addition, installment payment relief is provided with certain amounts deferred depending on the size of the taxpayer:
With respect to PAYE and VAT, the April, May, and June PAYE and VAT payments are deferred for non-essential businesses, which are closed during the lock-down. The deferred amounts will be paid from the end of July 2020 and be spread out into 8 equal monthly installments to the end of March 2021. No PAYE or VAT relief is provided for essential businesses operating during the lock-down.
Further to the measures above, it is also provided that goods imported for relief of the COVID-19 disaster will be exempted from import VAT and import duties. Additional taxes and penalties accrued as a consequence of unavoidable effects of the lockdown will also be waived.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.